jackson's programming paid its june rent of $500 cash. demonstrate how to use the accounting equation to record the transaction

Question

1 year ago

8

jackson's programming paid its june rent of $500 cash. demonstrate how to use the accounting equation to record the transaction

by completing the following sentence. jackson would decrease (expenses/cash/revenues) and increase (expenses/equity/revenues) in the accounting equation.

Business

1 answer:

Irina-Kira [14] · Answer 1 · 2024-03-05T22:16:49+03:00

Irina-Kira [14]1 year ago

7 0

Answer: Jackson would decrease CASH and increase EXPENSES in the accounting equation.

Explanation: Jackson would lose cash by spending his money and his Living expenses will also rise along with it.