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

solve for x round to the nearest tenth , if necessary
The weight of oranges growing in an orchard is normally distributed with a mean weight of 5 oz. and a standard deviation of 0.5 oz. From a batch of 1500 oranges
What do you think determines the value of art?
Which of the following is an organelle? A. a brain B. a cell C. lungs D. a nucleus
1. Howor analkaliyou test to see if a liquid is an acid​
Which type(s) of justice do you believe are practiced in our society?
Which species are the most vulnerable to fungal infections? a. Animals b. Reptiles c. Humans d. Plants
define phanerograms with examples.​
which graph represents a function?
find the length, width, area, and perimeter of a rectangle where the length is 5 units more than the width and the perimeter is 9 times the width