Hello! Payless Shoe Source is a chain of e. Specialty stores. This is the case because the store specializes in shoes.
Answer:
It will affect the accounting equation in $7.000.
Explanation:
The Assets will increase in $8.000 because Address You now have the right to claim to a customer $8.000 and is recognized in the Receivables. At the same time, Address You has to diminish its inventories at $1.000, because it delivered the dress to the customer. Finally, on the other hand, the profits for selling the dress ($8.000 - $1.000) affect the equity, and now the Accounting equation is balanced.
The one that is not considered a liquid investment is: Cookie jar
Even though placing your money on a cookie jar may be the most liquid fund that you have among the options above, it could not be considered as an investment because the amount of money you put in it would not be increased in value