carlossalgueroc6678 carlossalgueroc6678
  • 04-09-2020
  • Business
contestada

Price Company provides cleaning services to customers for $10,000 cash. What are the effects of this transaction on the accounting equation? (Select all that apply.)

Respuesta :

Parrain
Parrain Parrain
  • 05-09-2020

Answer:

  • Increase assets
  • Increase retained earnings

Explanation:

Price Company is a service provider so when the cash is paid to them for offering the cleaning service, it will count as revenue which will serve to increase equity holdings.

The cash account will also increase by a sum of $10,000 and as cash is an asset, the assets will increase.

Answer Link

Otras preguntas

Find the value of the following expressions when x= – 2 5X²+ 5x – 21
The volume of a​ cone-shaped hole is 16 pi ft cubed . If the hole is 3 ft​ deep, what is the radius of the​ hole?
How were world war 1 and world war II similar
Hopefully you can help me out thank you
Analyze the following argument: say whether it is DEDUCTIVE or INDUCTIVE and why. Then say whether it is VALID OR INVALID, STRONG OR WEAK and why 19.) All leopa
Read the rough draft of a works cited page. Works Cited Gregor, Saul. Harnessing the Wind. Chicago: Skyline Publishing, 1998. Cayman, Felicia. The Windmill Way
Find the angle of x ​
Find the unknown value in the proportion? 15 = X/75. O A) 3 OB) 1.4 O C) 161 OD) 35
I’m really struggling with this. Any help is appreciated! Thank you
A fly undergoes a displacement of -5.80 m while accelerating at -1.33m/s^2 for 4.22s. What is the initial velocity of the fly?