Question
This month, a company performed $533,000 of services and incurred total expenses of $439,600. The company was paid in cash for all its services and
This month, a company performed $533,000 of services and incurred total expenses of $439,600. The company was paid in cash for all its services and paid cash for all its expenses. These transactions would cause: |
revenues to increase by $533,000, expenses to increase by $439,600, and retained earnings to decrease by $93,400. |
revenues to increase by $93,400, expenses to increase by $439,600, and cash to increase by $533,000. |
cash to increase by $533,000, expenses to increase by $439,600, and common stock to increase by $93,400. |
revenues to increase by $533,000, expenses to increase by $439,600, and cash to increase by $93,400. |
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