Answer : Option A
Explanation :
Increases an asset $620; Decreases an asset $620
Date | Accounts and explanation | Debit | Credit |
Cash | $620 | ||
Accounts receivable | $620 |
Collection of a $620 Accounts Receivable O increases an asset $620; decreases an asset $620. O...
Collection of a $2800 Accounts Receivable increases an asset $2800; decreases a liability $2800. decreases a liability $2800; increases stockholders' equity $2800. increases an asset $2800; decreases an asset $2800. decreases an asset $2800; decreases a liability $2800. Save for Later 80
Collection of $440 accounts receivable olection of a $440 Accounts Receivable Increaseh an asset $440; decreases an asset $440. O decreases an asset $440; decreases a liability $440. increases an asset $440; decreases a liability $440 decreases a liability $440; increases stockholders' equity $440 lick if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE 200.201,Jetomerksons.Inc. Au Rights erved. A Division of letnyǐleyASensJnc. F8 F9 F10 7 0
Question 18 View Policies Current Attempt in Progress Collection of a $470 Accounts Receivable increases an asset $470; decreases an asset $470. decreases a liability $470; increases stockholders' equity $470. increases an asset $470; decreases a liability $470. decreases an asset $470; decreases a liability $470.
Cash outflows result from increases in asset accounts and decreases in liability and equity accounts. True False
Debiting accounts receivable Select one: O a. increases cash O b. decreases cash O c. increases accounts receivable d. decreases accounts receivable
QUESTION 37 Receiving payment of a portion of an accounts receivable will O A. not affect total assets B. increase liabilities O C. decrease net income O D. increase stockholders' equity QUESTION 38 A revenue generally A. Increases assets and liabilities B. increases assets and decreases stockholders' equity C. leaves total assets unchanged O D. increases assets and stockholders' equity
an account is a record of increases and decreases in a specific asset liability equity revenue or expense item true or false
Question 10 For the journal entry-- Dr. Accounts Receivable 4800; Cr. Consulting Revenues 4800, what is the correct analysis of the journal entry? A Accounts Receivable Asset Increases: Consulting Revenues, Equity-Revenue Decreases 6. Accounts Receivable Asset, Increases, Consulting Revenues, Equity Revenue Increase Accounts Receivable, Asset, Decreases Consulting Revenues, Equity-Revenue increases O D. Accounts Receivable, Asset Decreases Consulting Revenues, Equity-Expense Increases E. None of the above Moving to the next question prevents changes to this answer.
Question 5 For the journal entry-Dr Accounts Receivable 4800; C. Consulting Revenues 4800 what is the correct analysis of the journal entry O A Accounts Receivable, Asses, increases: Consulting Revenues Equity Revenue Decreases B. Accounts Receivable, Asset, Increases, Consulting Revenues Equity-Revenue Increase c. Accounts Receivable Asset, Decreases, Consulting Revenues Equity Revenue increases OD Accounts Receivable Asset Decreases Consulting Revenues, Equity Expense Increases E. None of the above Moving to the next question prevents changes to this answer. ho
Receipt of cash before a good is provided or service is performed 1- increases an asset and increases a revenue. decreases a liability and increases Shareholders’ Equity. decreases a revenue and increases Shareholders’ Equity. increases an asset and increases a liability. 2- Payment of a dividend increases Expenses and decreases Cash. decreases Cash and increases Shareholders’ Equity. decreases Cash and decreases Retained Earnings. increases Retained Earnings and increases Expenses. 3- Accounting systems should record all economic events. events that result...