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i need help for these question please omp Chapters 1-4.6-10 Which of the following accurately represents the a) Axsets-Liabilities-Equity b) Assets Liabilities - Equity C
i need help for these question please omp Chapters 1-4.6-10 Which of the following accurately represents the a) Axsets-Liabilities-Equity b) Assets Liabilities - Equity C Assets-Liabilities -Equity dAets+Equity - Liabilities is offered for sale at 2) Land with an assessed value of $95,000 for property tax puposn cash and a nom for $50,000 in cash and a non- 50,000 in $190,000. The land is acquired by a business enterprise for S interest bearing note payable of $i25,000 due in 60 days. The amount accounting records to record this acquisition of the land is used in the buyer's a) $50,000 b) $95,000 ) $125,000 d) $175,000 hunting and fishing trips. Frontier sports is owned and operated by Wally Schnee, a well-known sports enthusiast and hunter. Wally's wife, Helen owns and operates Blue Sky Boutique, a women's clothing store. Wally and Helen have established a trust fund to finance their The trust fund is maintained by First Bank in the name should be recorded of their in children's college education children, Anna and Connor. Which of the following transactions Frontier Sports accounting records? a) Wally paid for an advertisement in a hunters' magazine. b) Wally paid for dinner and movie to celebrate their 10 wedding anniversary c) Helen paid her dues to the YWCA. Helen deposited a $3,500 personal check in the trust fund at First Bank. d) ) How does paying a liability in cash affect the accounting equation? a) Assets increase; owner's equity decreases b) Assets increase; liabilities increase c) Assets decrease; liabilities decrease d) Liabilities increase; owner's equity decreases How does providing service on account affect the accounting equation? d Assets increase; owner's equity decreases Assets increase; owner's equity increases ) Assets increase; liabilities decrease Liabilities increase; owner's equity decreases w does borrowing money from a bank affect the accounting equation? Assets increase; liabilities decrease Assets increase; liabilities increase Assets decrease; liabilities decrease iabilities increase; owner's equity decreases
i need help for these question please
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