Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

If services are rendered for cash then

10/11/2021 Client: muhammad11 Deadline: 2 Day

When Services Are Rendered But Payment Is Not Made, Which Account Would Be Increased?

Question 1 (5 points)

When services are rendered but payment is not made, which account would be increased?

Question 1 options:

accounts receivable

accounts payable

cash

withdrawal

Question 2 (5 points)

Go Blue Retail Store collected $12,000 of its accounts receivable. The expanded accounting equation changes include __________.

Question 2 options:

cash and capital increase, $12,000

cash and revenue increase, $12,000

cash increases and accounts receivable decreases $12,000

accounts receivable decreases and capital increases $12,000

Question 3 (5 points)

A company has the following balances in its asset accounts: Cash, $750; Accounts Receivable, $125; Equipment, $2,000; Supplies, $875. The amount of the company’s total assets is __________.

Question 3 options:

$875

$1,750

$2,875

$3,750

Question 4 (5 points)

An accounting report that shows the changes in capital during the accounting period is __________.

Question 4 options:

a balance sheet

an income statement

a statement of owner's equity

All of these answers are correct.

Question 5 (5 points)

Which of the following transactions has no effect on owner's equity?

Question 5 options:

paying salaries expense

equipment purchase

billing for services rendered

a withdrawal

Question 6 (5 points)

The increase or decrease in the owner's equity is reported on the __________.

Question 6 options:

income statement

statement of owner's equity

balance sheet

All of these answers are correct.

Question 7 (5 points)

The payment of accounts payable would __________.

Question 7 options:

increase both assets and liabilities

increase assets and decrease liabilities

decrease both assets and liabilities

decrease assets and increase liabilities

Question 8 (5 points)

Ryan withdrew cash from the business to pay his personal cell phone bill. The expanded accounting equation changes include __________.

Question 8 options:

increase in both cash and withdrawal

decrease in both cash and withdrawal

decrease in cash and increase in withdrawal

increase in cash and decrease in withdrawal

Question 9 (5 points)

The financial statement that shows revenue and expenses for a period of time is the __________.

Question 9 options:

balance sheet

income statement

statement of owner's equity

statement of cash flows

Question 10 (5 points)

A company has $4,500 in its Revenue account at the end of a period. The Expenses are as follows: Rent, $750; Utilities, $150; Salaries, $2,400; Insurance, $225. The net income (loss. for the period is __________.

Question 10 options:

$3,600

($2,100.

$975

($1,425.

Question 11 (5 points)

Carrie billed her legal clients $6,000 for legal work completed during the month. This transaction will __________.

Question 11 options:

cause a $6,000 increase in revenues and liabilities

cause a $6,000 increase in revenues and a decrease in liabilities

cause a $6,000 increase in assets and revenues

not be recorded until the cash is collected

Question 12 (5 points)

Which of the following is not one of the four basic financial statements?

Question 12 options:

Statement of Cash Flows

Income Statement

Statement of Company Position

Balance Sheet

Question 13 (5 points)

The net income or net loss is calculated on the __________.

Question 13 options:

balance sheet

statement of owner's equity

income statement

None of the above answers are correct.

Question 14 (5 points)

The statement of owner’s equity contains the __________.

Question 14 options:

owner’s capital for the beginning of the period

liabilities of the company

total amount owed by credit customers

balance in the cash account

Question 15 (5 points)

The financial statement that shows business results in terms of revenue and expenses is __________.

Question 15 options:

an income statement

a balance sheet

a statement of owner's equity

the statement of cash flows

Question 16 (5 points)

Which of the following statements is prepared first?

Question 16 options:

Statement of Owner's Equity

Balance Sheet

Income Statement

None of the above

Question 17 (5 points)

An expense should be recorded when __________.

Question 17 options:

the bill is paid

the expense is incurred

a bill is received in the mail

None of the above answers are correct.

Question 18 (5 points)

If 'Ol Fashioned Toys' revenues are less than its expenses during the accounting period, then __________.

Question 18 options:

owner's withdrawals decrease net income

net income causes liabilities to decrease

the business will incur a loss

owner's withdrawals increase owner's equity

Question 19 (5 points)

If a company's revenues are higher than its expenses, it will cause __________.

Question 19 options:

an increase in owner's equity

a decrease in owner's equity

an increase in assets

no effect on owner's equity

Question 20 (5 points)

BPK Industries has a net income for the period of $2,500. The balance in the Owner’s Capital account for the beginning of the period is $5,000 and the owner has withdrawn $1,650 for personal expenses. The balance in the Owner’s Capital account at the end of the period will be __________.

Question 20 options:

$5,850

$7,500

$850

$9,150

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Custom Coursework Service
Quality Homework Helper
Coursework Help Online
Peter O.
Homework Guru
Instant Assignment Writer
Writer Writer Name Offer Chat
Custom Coursework Service

ONLINE

Custom Coursework Service

I will provide you with the well organized and well research papers from different primary and secondary sources will write the content that will support your points.

$17 Chat With Writer
Quality Homework Helper

ONLINE

Quality Homework Helper

I reckon that I can perfectly carry this project for you! I am a research writer and have been writing academic papers, business reports, plans, literature review, reports and others for the past 1 decade.

$22 Chat With Writer
Coursework Help Online

ONLINE

Coursework Help Online

I reckon that I can perfectly carry this project for you! I am a research writer and have been writing academic papers, business reports, plans, literature review, reports and others for the past 1 decade.

$31 Chat With Writer
Peter O.

ONLINE

Peter O.

I have read your project details and I can provide you QUALITY WORK within your given timeline and budget.

$16 Chat With Writer
Homework Guru

ONLINE

Homework Guru

I have read your project details and I can provide you QUALITY WORK within your given timeline and budget.

$33 Chat With Writer
Instant Assignment Writer

ONLINE

Instant Assignment Writer

I am an elite class writer with more than 6 years of experience as an academic writer. I will provide you the 100 percent original and plagiarism-free content.

$22 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Deliverable 7 - Healthcare Intake Packet - Westcotec speed indicator device - Toms shoes manufacturing cost - Hey diddle diddle the medians the middle - Thomas book sales inc supplies textbooks - Aviation - Short Paper: Crisis Management Plan - How to tame an itchy ark - Coshx in terms of e - Don juan tirso de molina pdf - Hcl technologies harvard case study - National cycling centre events - Integrating Writing - Qnt 351 week 2 discussion questions - Rosswurm and larrabee model definition - Week 1 - Technology project proposal example - Activity selection problem dynamic programming - Wind turbine sankey diagram - Is pestle internal or external - Dangerous laughter steven millhauser pdf - Walmart unethical business practices ppt - History of periodic table assignment - Aj brown griffith university - Downey sda church children's story - James stirling architecture style - Software for hp deskjet 2510 - Studycorgi: A Trustworthy Resource for Finding the Best Essay Writing Services - Spotty handed villainesses audience - St arnaud primary school - Individual database design and erd creation - Cloud Computing - Practical connection assignment - Arno bellack's pedagogical cycle features these moves - Hay guide chart download - At&t marketing mix - Explain the rules of debit and credit - Answers to pbi interview questions - EP-3 Draft for Peer Review - Solidworks turn on automatic solve mode - Week 5 Discussion - R constant in atm - How to calculate productivity in nursing - PM WK 1. - 3 bit magnitude comparator verilog code - Southern cross community healthcare - 74 409 study guide - Hku master of accounting - Notice of severance of joint tenancy template - Telecommunications and Networking Essay - Lost at sea group activity answers - Which level of management is concerned with updating inventory - Sabena airline training center - Fixed and growth mindsets - Acid base titration discussion of theory - 331 springvale road forest hill - River town peter hessler sparknotes - Chapter 1 the woodworking industry answer key - Arthur murray v fct - Age appropriate behavior expectations - Assignment - Informal powers of the texas governor - Pope water timer instructions - Evox rifa group oyj - Economics Class Due Today - Curtin university application form - Coach k vs coach knight - Virtual lab the immunology virtual lab - Paper - CHAPTER APPLICATION PAPER Doctoral Level) - Major losses in pipes - Https ssb uws ac uk - 4 dimensions of competency examples - Chapter 1 gross income lesson 1.1 straight time pay answers - Givelife2 - Journal entry 15 on course - Comment 1 - Sorensen systems inc is expected to pay - Explain osmosis in potatoes - Name something a lifeguard should know how to do - Ted spread chart bloomberg - Promotions Management - Cqu microsoft office download - Problem Set 7 - Discussion 3 Physical Security - Palm beach state college physical therapy - How to build a mousetrap race car - Álvaro y yo / servir / los entremeses - The battle over net neutrality case study answers - I know why the caged bird sings worksheet answers - Prepare and produce cakes and pastries - Colman mockler forbes magazine cover - Gibbons game theory solutions - Repent harlequin said the ticktockman ending - Solutions acids and bases worksheet - Port pirie court case list - What is 1 10 net 30 - Examples of bad science in gattaca - Federal safeguards for financial reporting - Cosmogony origin of the universe hinduism and jainism - I need 2500 words for Feminism in Asian Horror Films