« previous next »

Author Question: Team Shirts purchased 5,000 worth of its own stock in the stock market. The transaction would ... (Read 56 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
on: Jul 5, 2018
Team Shirts purchased 5,000 worth of its own stock in the stock market. The transaction would _________ cash by 5,000 and _________ shareholders' equity by 5,000.
 
  A) increase; increase
  B) decrease; decrease
  C) increase; decrease
  D) decrease; increase

Question 2

A check drawn by a company for 340 in payment of a liability was recorded in the journal as 430 . This itemwould be included on the bank reconciliation as a(n)
 a. addition to the balance per the company's records
  b. addition to the balance per the bank statement
  c. deduction from the balance per the bank statement
  d. deduction from the balance per the company's records


akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Your heart beats over 36 million times a year.

Difference between Functional and Cross-Functional team Difference between Functional and Cross-Functional team
Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق" Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق"
An antique painting is purchased in 1980 for $995. The value increases by 3.1% e An antique painting is purchased in 1980 for $995. The value increases by 3.1% e
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ... A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
Video: EpiPen Animation (Part 2)

For a complete list of videos, visit our video library