This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Sue Lee paid 1,200 for her employees' salaries. This transaction would a. increase assets and ... (Read 95 times)

jayhills49

  • Hero Member
  • *****
  • Posts: 559
on: Jul 5, 2018
Sue Lee paid 1,200 for her employees' salaries. This transaction would
 a. increase assets and decrease owner's equity.
   b. increase assets and increase liabilities.
   c. decrease assets and decrease liabilities.
   d. decrease assets and decrease owner's equity.

Question 2

The General Fund transferred 10,000 to Enterprise Fund A; a Special Revenue Fund transferred 20,000 to a Capital Projects Fund; Enterprise Fund A transferred 35,000 to a Capital Projects Fund and 25,000 to Enterprise Fund B.
 
  The governmental activities column on the Statement of Activities will be report
  A. Transfers in of 25,000.
  B. Transfers out of 30,000.
  C. Transfers in of 55,000.
  D. Transfers in of 35,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mjenn52

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

A


jayhills49

  • Member
  • Posts: 559
Reply 2 on: Jul 5, 2018
Wow, this really help

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Some of the fastest growing religions in America are non-Judeo-Christian religions. This photograph Some of the fastest growing religions in America are non-Judeo-Christian religions. This photograph
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
The age-related increase in spirituality is different for two cohorts born seven years apart. The ... The age-related increase in spirituality is different for two cohorts born seven years apart. The ...
Increase in rainfall on continents Increase in rainfall on continents
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
After 159 days,she paid a maturity value of $11,626, which included interest of $814. After 159 days,she paid a maturity value of $11,626, which included interest of $814.
Video: Membrane Protein and Facilitated Transport (Passive Vs Active)

For a complete list of videos, visit our video library