Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income. The first transaction has
been completed as an example. (If an amount has a decreasing effect use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45). Do not use a dollar sign $ for negative answers.) Cash Net Income (a) Purchased $100 of supplies for cash. -$100 $0 (b) Recorded an adjusting entry to record use of $40 of the above supplies. (c) Made sales of $1,300, all on account. (d) Received $800 from customers in payment of their accounts. (e) Purchased equipment for cash, $2,500. (f) Recorded depreciation of building for period used, $600.
A: The answers are (a) just (100) .. no 0 (b) doesn't effect cash (c) 1,300 <- you're receivables go up.. not cash (d) 800 <- -cash went up (e) (2,500) <- - cash went down because you purchased an item (f) 600 <- you add depreciation
Expert answered|armageddon|Points 586|
Question
Asked 4/5/2013 5:27:23 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,437,521 questions answered
Popular Conversations
What is the solution to the proportion? n/18 = 5/9 A. n = 2.5 B. n ...
Weegy: n/18 = 5/9; 9n = 5 * 18 9n = 90 n = 90/9 n = 10
10/12/2017 10:59:55 AM| 8 Answers
Which of the following has kinetic energy? a. a rock poised for a ...
Weegy: A bow that is drawn back by an archer. B. Has kinetic energy.
10/10/2017 2:00:05 PM| 3 Answers
What does everyone have planned for today " What type of sentence is ...
Weegy: "I think it would be best to study the problem carefully." The purpose of the above sentence is: It makes a ...
10/8/2017 2:18:49 PM| 2 Answers
What type of sentence tends to express a strong emotion? A. ...
Weegy: Do your work! The sentence is imperative. User: Which of the following pairs of words are homophones? ...
10/8/2017 2:25:51 PM| 2 Answers
_______ are words that are spelled alike, but have different ...
Weegy: "Near the computer" is a prepositional phrase. User: In which sentence is a homophone used correctly? ...
10/8/2017 2:29:20 PM| 2 Answers
In which one of the following sentences is a word misspelled? ...
Weegy: The sentence with a spelling mistake is: User: Which of the following is an example of an imperative sentence? ...
10/9/2017 8:45:54 AM| 2 Answers
Which of the following about the double-exposition concerto form is ...
Weegy: The development avoids the tonic is TRUE about the double-exposition concerto form. User: The first section ...
10/9/2017 11:33:19 AM| 2 Answers
Weegy Stuff
S
P
P
L
P
P
P
Points 135 [Total 2027] Ratings 11 Comments 25 Invitations 0 Offline
S
P
L
Points 97 [Total 119] Ratings 0 Comments 97 Invitations 0 Offline
S
Points 52 [Total 52] Ratings 4 Comments 12 Invitations 0 Offline
S
Points 3 [Total 3] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.