For each of the following transactions, identify the effects as reflected in the accounting equation. Use "+" to indicate an increase and "-" to indicate a decrease. Use "A", "L", and "E" to indicate assets, liabilities, and equity, respectively. Part A has been completed as an example. a.L. Chester invested $100,000 in a sole proprietorship?__+A___?__+E___b.Land was purchased for $50,000.A down payment of $15,000 cash was made and a note was signed for the balance.?________?________c.Services were rendered to customers for cash.?________?________d.A building was purchased for cash.?________?________e.Supplies were purchased for cash.?________?________f.Paid the office secretary's salary.?________?________g.The amount owed on the land from Part (b) was
paid.?________?________
What will be an ideal response?
a. +A +E
b. +A +L
c. +A +E
d. +A -A
e. +A -A
f. -A -E
g. -A -L
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Under the Model Business Corporation Act, a shareholder may ask a court to dissolve a corporation when:
A. a corporation uses assets for public welfare. B. directors are in conflict, their deadlock cannot be broken by shareholders, and the corporation faces ruin. C. creditors are acting unfairly or illegally. D. directors are maintaining registered agents without the approval of the shareholders.
The macroenvironment consists of the factors close to the company that affect its ability to serve its customers, such as suppliers, customer markets, competitors, and publics
Indicate whether the statement is true or false
What was one major contribution made by public relations counselor Harold Burson?
A) He emphasized marketing-oriented public relations. B) He stressed that the customer is always right. C) He advocated for diverse community members to be heard. D) He founded the Public Relations Society of America (PRSA).
First Communications Group is a communication services firm whose employees provide advertising, market research, public relations, and other services world-wide. Other than relatively small amounts of equipment, it owns virtually no property, plant, and equipment (it leases most of its office space). Which of the following is/are true?
a. First Communications Group has a low fixed asset intensity. b. First Communications Group has a low debt-equity ratio. c. First Communications Group creates value from employees' services, not from operating assets, so there is neither the need nor the ability to borrow long-term using property, plant, and equipment as collateral. d. all of the above are true e. none of the above