Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 305 Weeks Ago, 4 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 12 Aug 2017 My Price 6.00

accounting equation

Using the accounting equation to analyze transactions
Requirement
1. Indicate the effects of the following business transactions on the accounting equation of a Viviani Video store. Transaction (a) is answered as a guide.
a. Received cash of $8,000 and issued common stock.
Answer: Increase asset (Cash)
Increase stockholders’ equity (Common stock)
b. Earned video rental revenue on account, $1,800.
c. Purchased office furniture on account, $400.
d. Received cash on account, $600.
e. Paid cash on account, $100.
f. Sold land for $15,000, which was the cost of the land.
g. Rented videos and received cash of $300.
h. Paid monthly office rent of $900.
i. Paid $200 cash to purchase supplies that will be used in the future.

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Aug 2017 08:08 PM My Price 6.00

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