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Zoom Inc recorded the following transactions occurred during the month of May. Indicate whether each transaction would cause an increase (+), decrease (-), or
Zoom Inc recorded the following transactions occurred during the month of May. Indicate whether each transaction would cause an increase (+), decrease (-), or has no effect (NE) on each of the components 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 (F) a) Avery Wilson ca sharsholder), received share capital in Zoom Inc, after vesting 300,000 of equipment into the business b) Avery Wilson, a shareholder of Zoom the received share capital after investing tumture worth $6,000 and a building worth $34.000 into the business c) Avery Wilson (a shareholder) niceived share capital in Zoom i business after investing $85,000 of supplies into the d) Zoom inc usad $1,000 cash and $3,250 credit to purchase new equipment worth $4,250 e) $4,200 of supplies purchased on credit in an sarier transaction were found to be defedive. They were returned Zoom Inc rented machinery to a customer on credit $900 g) Zoom Inc used credit to purchase $300 of supple 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 Zoom Inc. purchased a 520.500 truck by borrowing the amount from the bank through a short-term note payable Zoom Inc. returned $4,000 of defective supplies today that wore orginally purchased for cash $1.200 of Numilure purchased on edit in an easier transadion was found to be damaged Zoom Inc. retumed to the supplier m) The be for the $500 advertising campaign that ran last week was received today and paid n) Zoom inc paid the month's $250 utlines bill received today e) Zoom Inc. received a bill today for this month's unies, $350 will be paid within 30 days A
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