Question

Score: 0 of 1 pt 11 of 11 (5 complete) HW Score: 45 EF1-26 (book/static) QL Indicate the effects of the following business transactions on the accounting equation of Vivian's Online Video store. Use the following accounts: Ca Receivable, Supplies, Office Furniture, Accounts Payable, Common Stock Dividends, Rental Revenue, and Rent Expense. Transaction (a) is answe (Click the icon to view the transactions.) a. Received cash of $10,000 from issuance of common stock. (Transaction (a) is answered as a guide.) a. Increase asset (Cash) Increase equity (Common Stock) b. Earned video rental revenue on account, $2,800 b. Choose from any drop-down list and then click Check Answer 6 parts remaining Clear All Check An

Answer 1

b	Increase assets	Accounts receivable	Increase equity	Retained earnings, net income, Servcie revenue)
c	Increase assets	Office furniture	Increase liability	Accounts payable
d	Increase assets	Cash	Decrease assets	accounts receivable
e	Decrease assets	Cash	Decrease liability	Accounts payable
f	Increase assets	Cash	Increase equity	Retained earnings, net income, Servcie revenue)
g	Decrease assets	Cash	Decrease equity	Retained earnings, net income, Rent expense)
h	Decrease assets	Cash	Increase assets	Office supplies

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