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ABC SWEETS Corp pays $10 in telephone and internet expenses and 510 for office supplies. You also visit a customer who is interested in placing
ABC SWEETS Corp pays $10 in telephone and internet expenses and 510 for office supplies. You also visit a customer who is interested in placing bulk orders and pay for lunch, with your travel and entertainment expenses totaling $30. You decide you do not want to spend more time keeping up with the financial statements, so you hire a part-time accountant who you pay $20 this week. All experises are paid for using cash. What changes on the Balance Sheet Cash - decrease of $70, Earnings WTD - decrease of $70 Cash-decrease of $50, Earnings WTD-decrease of $50 Cash-decrease of $70: Expenses increase of 570 The Balance Sheet is not affected
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