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PLEASE ANSWER ASAP Huang Ltd. records their business transactions into the basic accounting equation. For each of the following independent business activities, indicate the effect
PLEASE ANSWER ASAP
Huang Ltd. records their business transactions into the basic accounting equation. For each of the following independent business activities, indicate the effect on the basic accounting equation. NOTE: The questions are multi-selection questions. For each business activity choose ALL that apply. Question 28 (2 points) In March provided $2,450 of services to a customer who paid in advance in February. a) Decrease assets b) This is an event, not a transaction. c) Increase assets d) Decrease liabilities e) Increase equity f) Increase liabilities Og) Decrease equity Business cards of $75, which were previously purchased on account, were used in September a) Increase liabilities b) This is an event, not a transaction. c) Decrease liabilities d) Increase equity e) Decrease equity f) Increase assets g) Decrease assets Question 34 (2 points) Provided $2,530 of services, on account, to a customer. a) Decrease assets b) Increase liabilities c) Decrease liabilities d) Increase equity e) Increase assets f) Decrease equity g) This is an event, not a transaction. Collected $540 of accounts receivable from a customer. a) Increase assets b) Increase equity c) Increase liabilities d) Decrease assets e) Decrease liabilities | f) This is an event, not a transaction. g) Decrease equity Question 36 (2 points) Paid the owners $1,800 dividends in cash. a) Increase assets b) Decrease liabilities c) Increase liabilities d) Decrease equity e) Increase equity f) Decrease assets Og) This is an event, not a transactionStep by Step Solution
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