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please help with accounting 1 question, 5 parts Which of the following options would increase Retained Earnings? Net losses Expenses Dividends Revenues Assume a company
please help with accounting
Which of the following options would increase Retained Earnings? Net losses Expenses Dividends Revenues Assume a company makes a payment towards accounts payable. How does this transaction impact the accounting equation? Assets increase and equity increases. Liabilities decrease and equity increases. Assets decrease and liabilities decrease. Liabilities increase and equity increases. Assets increase and liabilities increase. Which of the following options reports dividends for the period? Balance Sheet Statement of Operations Statement of Retained Earnings Income Statement Dividend Statement When a company receives cash for services accrued for in a prior period, which account is credited? Service revenue Profits Accounts Receivable Net Income Cash Partner Inc. bought $500 worth of supplies on account. Which of the options will the journal entry for this transaction include? Credit Cash Debit Accounts Payable Credit Supplies Credit Accounts Payable 1 question, 5 parts
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