Question and answer
Mary invested cash in her new business. Which effect will this have? A. Increase an asset; increase a liability B. Decrease an asset; increase a liability C. Increase an asset; increase owner’s equity D. Increase an asset; decrease owner’s equity
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Investing cash in business has the effect of Increase in Asset and Increase in Owner's Equity .
Expert answered|SCM|Points 621|
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Asked 11/27/2014 7:00:19 PM
Updated 11/28/2014 6:32:37 AM
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This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [11/28/2014 6:32:37 AM]
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The left side of any account is the A. debit side. B. credit side. C. ending balance. D. footings.
Question
Updated 12/1/2014 1:11:26 AM
1 Answer/Comment
The left side of any account is the: DEBIT SIDE.
Added 12/1/2014 1:11:26 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [12/1/2014 1:12:10 AM]
When recording transactions in two or more accounts and the totals of the debits and credits are equal, it’s called A. debiting. B. crediting. C. posting. D. double-entry bookkeeping.
Weegy: Double-entry bookkeeping is the accounting practice of recording every transaction in two places. [ ] User: The owner of BobCats R Us paid his personal MasterCard bill using a company check. What is the correct entry to record the transaction? A. Credit Cash; debit Capital B. Credit Cash; debit Supplies Expense C. Credit Cash; debit Withdrawals D. Credit Cash; debit Accounts Receivable Weegy: The owner of BobCats R Us paid his personal MasterCard bill using a company check. The correct entry to record the transaction is Credit Cash; debit Withdrawals. (More)
Question
Expert Answered
Updated 12/1/2014 2:03:32 PM
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A debit increases the balance in all of the following accounts except for which one? A. Cash B. Withdrawals C. Expenses D. Accounts payable
Weegy: A debit increases the balance in all of the following accounts EXCEPT for: ACCOUNTS PAYABLE. User: An account that would be increased by a credit is A. cash. B. accounts receivable. C. utilities expense. D. accounts payable. (More)
Question
Updated 3/28/2015 8:18:07 AM
1 Answer/Comment
An account that would be increased by a credit is accounts payable.
Added 3/28/2015 7:59:48 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [3/28/2015 8:18:57 AM]
“PR” in the general journal and general ledger stands for A. per reviewer. B. posting reference. C. prior receipt. D. None of the above
Weegy: PR” in the general journal and general ledger stands for posting reference. (More)
Question
Expert Answered
Updated 12/2/2014 2:21:16 PM
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Posting is performed by transferring information from the journal to the A. ledger. B. trial balance. C. balance sheet. D. income statement.
Question
Updated 12/3/2014 4:42:49 AM
1 Answer/Comment
Posting is performed by transferring information from the journal to the ledger.
Added 12/3/2014 4:42:49 AM
This answer has been confirmed as correct and helpful.
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