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C. In June, Nikea Inc. received the $10,000 payment from XYZ. Which of Nikea's accounts are affected by this transaction and what is its effect

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C. In June, Nikea Inc. received the $10,000 payment from XYZ. Which of Nikea's accounts are affected by this transaction and what is its effect on the accounting equation? Type your response here: D. What is the effect on XYZ's accounting equation in June when it remitted the $10,000? Type your response here: Evaluation Your teacher will use this rubric to evaluate the completeness of your work as well as the clarity of thinking you exhibit Total Points: 100 Basics of Fundamental Accounting Task points: [100] . The owner invests more money in the business [10] Task 2. CITECTS OF Accounung transacuons Determine the effect of the listed transactions of Nikea Inc. on the accounting equation. Nikea Inc. provided advisory services to XYZ Inc. in May 2013. Nikea billed XYZ for $10,000 in the same month (May). The sales invoice shows that the amount will be due in June. A. In May 2013, Nikea recorded the transaction by debiting accounts receivable for $10,000 and crediting service revenues for $10,000. What is the effect of this entry on the accounting equation? Type your response here: B. What is the impact on XYZ's accounting equation in May, when it recorded the transaction as a debit to consultant expense for $10 000 and a credit to accounts payable for $10,000? Type your response here: C. In June. Nikea Inc received the $10.000 payment from XYZ Which of Nikea's accounts are affected by this transaction and what is its effect on the accounting equation? TVne vaur response here

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