The following information should be used for questions 103-109.Conway Copy Shop is owned and operated by Gerald Conway. The shop's accounts are presented below. Review the transactions presented and determine the appropriate debits and credits to the affected accounts. CashAccounts ReceivableOffice SuppliesPrepaid Rent Copier EquipmentAccounts PayableG. Conway, CapitalG. Conway, DrawingFees IncomeRent ExpenseUtilities ExpenseSalaries ExpenseGerald Conway makes an additional investment of $3,000 in cash to his business
What will be an ideal response?
Debit Cash $3,000; credit G. Conway, Capital $3,000
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Iris sells a line of safety equipment for the petrochemical industry. When responding to a manager's objections about the safety of her product line, Iris produces an Occupational Safety and Health report. The report shows that the company's safety equipment exceeds all OSHA safety standards, which supports Iris' claims. Iris uses the:
A. third-party answer technique. B. jury opinion method. C. outside reference technique. D. counterbalance method. E. boomerang method.
Explain how consumers can learn about products without deliberately setting out to do so
What will be an ideal response?
Cash investments made by stockholders in exchange for capital stock in a business are reported on the statement of cash flows in the:
A) financing activities section. B) investing activities section. C) operating activities section. D) supplemental section.
How are results important for the organization’s measurements of effectiveness?
What will be an ideal response?