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hello! im really confused to the choices here. can someone help me answer this? thanks! Activity The following selected transactions we're completed by John Delivery
hello! im really confused to the choices here. can someone help me answer this? thanks!
Activity The following selected transactions we're completed by John Delivery Service during July 2015: 1. Cash received from delivery services, 2,200$ 2. Paid creditors on account, 12,000$ 3. Recelved cash from owner as additional Investment, 100,000$ 4. Paid advertising expense, 2,000$ 5. Billed customers for delivery services on account, 20,000$ 6. Purchased supplies for cash, 1,000$ 7. Paid rent for July, 20,000$ 8. Received cash from 'customers on account, 25,440$ 9. Determined that the cost of supplies on hand was 1,440$ so 4,560$ of supplies were used during the month. 10. Owner withdrew cash for personal use, 4,000$ indicate the effects of each transaction on the space provided: a. Increase an asset, decrease another asset. b. Increase an asset, increase a liability. C. Increase an asset, increase owner's equity. d. Decrease an asset, decrease a liability. e. Decrease an asset, decrease owner's equity Step by Step Solution
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