5 parts

If the abilities of a business increased $103,000 during a period of time and the owner's equity in the business decreased $44,000 during the same period, the assets of the business must have: Multiple Choice Decreased $147,000 Decreased $59,000 Increased $44.000 Increased 559,000 Increased $147,000 If equity is $310,000 and liabilities are $193,000, then assets equal: Multiple Choice $117,000. $193,000. $310,000 $503,000 $813,000 If a company uses $1,350 of its cash to purchase supplies, the effect on the accounting equation would be: Multiple Choice O Assets increase $1,350 and liabilities decrease $1,350. One asset increases $1,350 and another asset decreases $1,350, causing no effect Assets decrease $1,350 and equity decreases $1,350, Assets decrease $1,350 and equity increases $1,350. Assets Increase $1,350 and liabilities increase $1,350. A law firm Billed a client $2,900 for work performed in the current month. Which of the following general Journal entries will the firm make to record this transaction? Multiple Choice Debit Accounts Receivable, $2,900: Credit Unearned Legal Fees Revenue. $2.900 Debit Cash $2.900, credit Uneared Legal Fees Revenue, $2,900 Debit Legal Fees Revenue, $2,900; Credit Accounts Receivable, $2,900. Debit Accounts Receivable, $2.900 credit Legal Fees Revenue $2,900 Debit Cash $2,900, credit Accounts Receivable. $2.900 The following transactions occurred during July: 1. Received $930 cash for services provided to a customer during July 2. Received $2,600 cash investment from Bob Johnson, the owner of the business. 3. Received $780 from a customer in partial payment of his account receivable which arose from sales in June. 4. Provided services to a customer on credit, $405. 5. Borrowed $6,300 from the bank by signing a promissory note. 6. Received $1,280 cash from a customer for services to be performed next year. What was the amount of revenue for July? Multiple Choice $930 $1,335 $2,615 $3,395