Step-by-step explanation:
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On January 31, Jean Marie’s business receives a bill for that month’s utilities in the amount of $500. Jean sets it aside because she does not plan to pay the bill until its due date of February 15. What effect, if any, does this event have on the company’s accounting equation as of January 31?
Solution: The event that Jean does not plan to pay the bill until due date of February 15 must be recorded. Recording this event would increase the liabilities and decrease equity on January 31.
Answer:
Yes, Sally has enough money to buy 28 cans of soda.
Step-by-step explanation:
Yes, because £10 = 1000p
1000p / 28p = 35 cans
35 cans < 28 cans
So Sally has enough money for 28 cans.
