At p1y1, if taxes decrease then consumer spending will decrease and ad will shift right to long-run equilibrium. decrease and ad
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<span>Part 1a:
</span>
<span>the transactions that create expenses for valdez services are:
a. the company paid $12,200 cash for payment on a 16-month old liability for office supplies.
b. the company paid $1,233 cash for the just completed two-week salary of the receptionist.
c. the company paid $39,200 cash for equipment purchased.
d. the company paid $870 cash for this month's utilities.
</span>
Part 1b:
The <span>general journal entries recording the transactions of Valdez services is attached.
Part 2.
</span>
<span>The income statement of Carmen Camry for the August is attached.
Part 3:
The statement of owner's equity of Carmen Camry for August is attached.
Part 4:
</span>The <span>general journal entries recording the transactions of Hannah Venedict is attached</span>
</span>
<span>the transactions that create expenses for valdez services are:
a. the company paid $12,200 cash for payment on a 16-month old liability for office supplies.
b. the company paid $1,233 cash for the just completed two-week salary of the receptionist.
c. the company paid $39,200 cash for equipment purchased.
d. the company paid $870 cash for this month's utilities.
</span>
Part 1b:
The <span>general journal entries recording the transactions of Valdez services is attached.
Part 2.
</span>
<span>The income statement of Carmen Camry for the August is attached.
Part 3:
The statement of owner's equity of Carmen Camry for August is attached.
Part 4:
</span>The <span>general journal entries recording the transactions of Hannah Venedict is attached</span>