A line is a collection of points.
The above mentioned transaction will affect the Assets side of the accounting equation or the Assets side of the balance sheet
Since we use cash of $1,410 the cash account would be debited with $1,410. In other words cash will be reduced by $1,410
Since the cash is used to purchase supplies, the inventory will be credited with $1,410. This means the inventory would be increased by $1,410.
Hence in conclusion, the two accounting activities would be a debit of $1,410 on cash and a credit of $1,410 on the inventory. So the net of the Assets remains unchanged.
8 can go as much as 8.125 or 8 1/8 times in 65. This is done by using a basic mathematical operation which is division. 65 is divided by 8 which will give us the answer of 8.125 or in fraction form it would be 8 1/8.
The estimate is about 15.60
