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Question 2 [15 points] Zoom Inc. recorded the following transactions cocurred during the month of May, Indicate whether each transaction would cause an increase
Question 2 [15 points] Zoom Inc. recorded the following transactions cocurred during the month of May, Indicate whether each transaction would cause an increase (+), decrease ( ), or has no effect (NE) on each of the carponer of the accounting equation. If a transaction causes a decrease in one component of the accounting equation and also an increase in the same component but in a different account, select(+) a) Avery Wilson (a shareholder, cevad share capital in Zoom inc, after investing 360,000 of aquipment into the business b) Avery Wilson, a shareholder of Zoom Inc. received share capital after investing fumitume worth $,000 and a building worth $34,000 win the business c) Avery Wilson (a shareholder), received share capital in Zoom Inc, after investing $85.000 of supplies into the business di Zcom inc used $1,000 cash and $3.250 credit to purchase new equipment worth $4.250 e) 54,200 of supplies purchased on credit in an earlier transaction were found to be defective They were returned Zoom Inc ended machinery to a customer on credit, $900 a) Zoom Inc used credit to purchase $300 of supplies h) Zoom Inc will pay the $1.000 advertising bill received today within 30 days Furniture was rented by a customer for $1,500 cash i) Zcom Inc purchased a 320,500 track by borrowing the amount from the bank through a short-note payable k) Zcom inc retumed $4,000 of defective supplies today that were originaity purchased for cash $1,200 of furniture purchased on credit in an earlier transaction was found to be damaged Zoom Inc returned it to the supplier m) The bill for the $500 advertising campaign that ran last wook was received today and paid n) Zoom Inc. paid this month's $250 ustities bil received today o) Zoom Inc. received a bill today for this month's utilities; $350. It will be paid within 30 days A LE
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