The effect of the transaction by Atkins Company of collecting payment for an amount owed by a customer is One asset would increase $1,750 and a different asset would decrease $1,750, causing no effect.
<h3>How does an increase and decrease in assets affect the accounting equation?</h3>
The fact that a customer owed Atkins Company means that the customer was an accounts receivable which is an asset account.
The cash that Atkins Company collected is also an asset. So, the transaction simply led to one asset(accounts receivable) being reduced and the other asset(cash) being increased. The amount is the same so there would be no effect.
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Answer:
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Answer:
A. Debit: Bad Debt Expense 2,500
Credit: Allowance for Doubtful Accounts 2,500
250,000 x .01 = 2,500
B. Debit: Bad Debt Expense 2,750
Credit: Allowance for Doubtful Accounts 2,750
3,000 - 250 = 2,750
Answer:
The answer is: be able to recover damages
Explanation:
In order for a Drake (the plaintiff) to be able to recover damages he must prove that he suffered an injury (economic injury in this case) by Eve's false claims.
Eve promised to multiply Drake's money and instead Drake lost money. The proof of injury would be the money lost by trading with Eve's false algorithm.
The total weight of the chicken is 9
kg.
The total weight of the chickens can be determined by adding the weights of the five chickens together.
Addition is a basic mathematical operation that is carried out by adding two or more numbers together.
Total weight = 

7 
9
kg
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