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

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

Which kind of wave requires a medium for propagation? a. radio b. seismic c. gamma ray d. visible light

Why do Buddhists reject the idea of the Hindu caste system?

During a flame test, ions of a specific metal are heated in the flame of agas burner. A characteristic color of light is emitted by these ions inthe flame when

As you go down the periodic table, the atomic radius of elements do what?

How and why did Jack the Ripper kill his victims?

What was the Atlantic Charter? A. an agreement made at the Yalta Conference between Roosevelt, Churchill and Stalin to divide up Germany after the war B. an ag

Given the following solutions:Solution A: pH of 10Solution B: pH of 7Solution C: pH of 5 Which list has the solutions placed in order of increasing H + concentr

During a flame test, ions of a specific metal are heated in the flame of agas burner. A characteristic color of light is emitted by these ions inthe flame when

Given the sequence 8, 16, 32, 64, ..., which expression would give the thirteenth term?

A new vaccine was developed and then tested on a large sample of individuals. This new vaccine will be considered effective if it helps prepare the body to figh