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8. On January 10 , the ABC Co. received a $6,000 deposit from a customer for work to be done in February. On the January
8. On January 10 , the ABC Co. received a $6,000 deposit from a customer for work to be done in February. On the January 31tt financial statements, how should the company report this matter? A. $6,000 revenue B. $6,000 liability C. $6,000 prepaid expense For each of the following four transactions, enter A. it increases total assets and stockholders' equity B. it increases total assets but not stockholders' equity C. it decreases total assets and stockholders' equity D. it decreases total assets but not stockholders' equity E. none of these descriptions apply. Note this is not a matching question. You can select the same letter more than once. It may help you to prepare a journal entry for each transaction. 9. The company provided services and billed a customer 10. The company paid wages of $2,000. 11. The company collected $500 on account from a customer 12. The company purchased equipment on credit
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