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Elementary,Middle School,High School,College,University,PHD
Teaching Since: | Apr 2017 |
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MBA,MCS,M.phil
Devry University
Jan-2008 - Jan-2011
MBA,MCS,M.Phil
Devry University
Feb-2000 - Jan-2004
Regional Manager
Abercrombie & Fitch.
Mar-2005 - Nov-2010
Regional Manager
Abercrombie & Fitch.
Jan-2005 - Jan-2008
(Learning Objectives 3, 4: Show the impact of business transactions on the accounting equation; analyze the impact of business transactions on accounts) Refer to Short Exercise 2-3. Which of the transactions of Dora Patel, MD, increased the total assets of the business? For each transaction, identify the asset that was increased.
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Exercise 2-3
(Learning Objectives 1, 4: Explain what a transaction is; analyze the impact of business transactions on accounts) Dora Patel, MD, opened a medical practice. The business completed the following transactions:
After these transactions, how much cash does the business have to work with? Use a T-account to show your answer.
Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k Y-----------ou -----------for----------- us-----------ing----------- ou-----------r w-----------ebs-----------ite----------- an-----------d a-----------cqu-----------isi-----------tio-----------n o-----------f m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l