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Question 7 (15 points) Vision Consulting Inc recorded the following transactions occurred during the month of July. Indicate whether each transaction would cause an increase
Question 7 (15 points) Vision Consulting Inc recorded the following transactions occurred during the month of July. Indicate whether each transaction would cause an increase ( ). decrease ( - ). or has no effect (NE) on each of the components of the accounting equation of 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-L+ E a) The 5750 bill for the advertising campaign that ran last week was received today. It will be paid within 30 days. b) Bob Delgado (a shareholder received share capital in Vision Consulting incafter investing $56.000 cash into the business c) Vision Consulting in returned $600 of defective supplies today that were originally purchased for cash. di Vision Consulting ing paid a $750 bill received today for an advertising campaign that ran last week o) Vision Consulting inc bought equipment on credit for $3,750 Bob Delgado, a shareholder of Vision Consulting Inc, received share capital after resting fumdure worth $1.000 and a building worth $10,000 into the business 9) Vision Consulting in provided $500 of consulting services for a customer who will pay within 30 days h) Vision Consulting inc. collected $1.700 for commissions earned today Bob Delgado (a shareholder), received share capital in Vision Consulting Inc, after investing $20,000 cash and 510.000 worth of supplies in Vision Consulting Inc D Vision Consulting in paid $1.750 for equipment purchased today K Vision Consulting Inc, used 5500 cash and $1,750 credit to purchase new equipment worth $2.250 1) Bob Delgado (a shareholder), received share capital in Vision Consulting inc. after investing $10,000 cash and $15.000 worth of equipment in Vision Consulting inc. mi Vision Consulting Inc. used credit to purchase $900 of supplies n) Furniture was rented by a customer for $1,100 cash o) Vision Consulting in received a bil today for this month's tibes, $200 It will be paid within 30 days
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