All categories

3 years ago

Identifying effects of transactions using the accounting equation LO PI

Business

1 answer:

Luda [366]3 years ago

5 0

Answer:

A. Asset as cash will increase by $59,000, asset in equipment will increase $14,000

B. Asset side in increased and decreased

C. Asset and liability will increase by $11,000

D. Asset will increase

E. Asset will increase

F. Asset will increase and decrease by $5,800

G. Asset will decrease

H. Asset will increase

I. Liability will decrease

J. Asset and capital will decrease by $1,200

Explanation:

Accounting equation is Asset = Liabilities + Capital

Accounting equation is affected in business transaction. The transaction in business have different effects some transaction are like hybrid which impacts the multiple accounts balances. There are some transactions which just involve asset side transaction increase and decrease on the same account this will offset the balance and no effect on equation.

You might be interested in

"Which of the following are covered under the Securities Exchange Act of 1934? I Registration of new issues II Stabilization of

OleMash [197]

Answer: II. stabilization of new issues

III. registration of exchanges

IV. registration of broker-dealers

Explanation:

The Securities Exchange Act of 1934 was put in place in order to be in charge of security trading.

From the options, those that are covered under the Securities Exchange Act of 1934 include the stabilization of new issues, the registration of exchanges and the registration of broker/dealers.

It should be noted that the Securities Exchange Act of 1934 does not cover the registration of new issues.

6 0

3 years ago

Intermediate Goals for game designers i need help

Zigmanuir [339]

Answer:

look at valorant the game outfits

8 0

3 years ago

An auction house puts a painting up for sale, which they think to be Pablo Picasso's "Acrobat and Young Harlequin." A Japanese b

Georgia [21]

Answer:

C. The buyer can rescind on the basis of mutual mistake.

Explanation: A bilateral mistake, also referred to as a mutual or common mistake, such mistake occurs when both parties are misinformed about the facts. A mistake of fact can lead to a requirement of a voided contract. This is the contract Will be nullified

5 0

3 years ago

Read 2 more answers

As an 18 year old in Alabama I know that the age majority is 19, and I can't drop out of high school without parent permission b

Julli [10]

Answer:

No, Alabama can't make you come back. But that is just my opinion. Please don't listen to me

3 0

2 years ago

Read 2 more answers

Healthy Measures Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sales for the scales

lesantik [10]

Answer:

Explanation:

Production budget is a schedule of the number of units of goods that are to be produced using a forecast sales amount and the level of the opening and closing inventory

Bath Scale Gym Scale

Northern region 25,500 33,300

Southern region 27,500 28,900

Total 53,000 62,200

Opening inventory (1,200) ( 2,500 )

Closing inventory 900 2,700

Total units to be produced 52,700 62,400

Bath scale = 53000+900 -1200 = 52700

Gym scale = 62200+ 2700-2500 =62,400

7 0

3 years ago