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:
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Step-by-step explanation:
Answer:
Inverse of exponential functions are logarithmic functions.
Step-by-step explanation:
Inverse functions exhibit a relationship where they undo each other mathematically. In this case, the inverse of an exponential function is a log function, where;
An exponential function y=a^x has its inverse as x=a^y
This exponential equation x=a^y is equivalent to the function y= logₐ x under the conditions; x=a^y : a>0 , a≠1
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