Question
Answer the following questions: If I collected $ 1900 cash from customers on accounts receivable then according the rule If an asset increases another
Answer the following questions:
If I collected $ 1900 cash from customers on accounts receivable then according the rule " If an asset increases another asset decreases and if an asset increases a liability increases " which asset would increase or decrease and which liability would increase or decrease in this situation?
If I purchased supplies on account that $ 360 then according the rule " If an asset increases another asset decreases and if an asset increases a liability increases " which asset would increase or decrease and which liability would increase or decrease in this situation?
If I recorded services for catering to customers where cash receipts were $610 and invoices for services on account were $ 1800 then according the rule " If an asset increases another asset decreases and if an asset increases a liability increases " which asset would increase or decrease and which liability would increase or decrease in this situation?
If I paid $ 1800 cash for employee salaries then according the rule " If an asset increases another asset decreases and if an asset increases a liability increases " which asset would increase or decrease and which liability would increase or decrease in this situation?
If I purchased a one-year insurance policy for $ 1200 on a refrigerator then according the rule " If an asset increases another asset decreases and if an asset increases a liability increases " which asset would increase or decrease and which liability would increase or decrease in this situation?
If I paid $ 220 on an account payable ( that was $ 360 when it was established ) then then according the rule " If an asset increases another asset decreases and if an asset increases a liability increases " which asset would increase or decrease and which liability would increase or decrease in this situation?
If I paid $ 400 cash dividends to stockholder'sthen according the rule " If an asset increases another asset decreases and if an asset increases a liability increases " which asset would increase or decrease and which liability would increase or decrease in this situation?
If I recorded services for catering to customers where cash receipts were $ 900 and invoices for services on account were $ 1400 then according the rule " If an asset increases another asset decreases and if an asset increases a liability increases " which asset would increase or decrease and which liability would increase or decrease in this situation?
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