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allochka39001 [22]
2 years ago
6

Jackson's catering services sold cookies to the local college. the college paid immediately. record this transaction in jackson'

s accounting equation by:_____.
Business
1 answer:
Zarrin [17]2 years ago
7 0

Jackson's catering services sold cookies to the local college. the college paid immediately. record this transaction in Jackson's accounting equation by increasing Cash; Increasing Revenues

This is further explained below.

<h3>What are Increasing Revenues?</h3>

Generally, The rise in a firm's sales from one quarter to the next is referred to as the revenue growth of the company.

Revenue growth, when expressed as a percentage, depicts the gains and reductions over time, which helps discover patterns in the company's performance.

In conclusion, The neighborhood university purchased cookies from Jackson's catering services.

The college made the payment right away. Jackson's accounting equation should be updated to reflect the effects of this transaction by raising Cash and Increasing Revenues.

Read more about Revenues

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