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
A diverse team of medical assistants.
Main Hall, Trajan's Market
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