« previous next »

Author Question: Michael Anderson is starting his computer programming business and has deposited in initial ... (Read 21 times)

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
on: Jul 5, 2018
Michael Anderson is starting his computer programming business and has deposited in initial investment of 15,000into the business cash account. Identify how the accounting equation will be affected.
 a. Increase Assets (Cash) and increase Liabilities (Accounts Payable)
  b. Increase Assets (Cash) and increase Owner's Equity (Michael Anderson, Capital)
  c. Increase Assets (Accounts Receivable) and decrease Liabilities (Accounts Payable)
  d. Increase Assets (Cash) and increase Assets (Accounts Receivable)

Question 2

Debt Service Fund expenditures would include all of the following except:
 
  a. Fiscal agent fees
  b. Bond issues costs
  c. Principal retirement payments
  d. Discounts on refunding bonds


6ana001

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

starting starting
Good computer skills are now required to be a successful member of an office staff. Good computer skills are now required to be a successful member of an office staff.
Sample of a business card design. Sample of a business card design.
You make 4 semi-annual deposits starting at $350 and increasing at a constant rate of 2.14%. ... You make 4 semi-annual deposits starting at $350 and increasing at a constant rate of 2.14%. ...
linear programming problem, applying simplex method and sensitivity analysis linear programming problem, applying simplex method and sensitivity analysis
Typical bacterial population growth curve showing the initial lag phase Typical bacterial population growth curve showing the initial lag phase
Video: Introduction to Spirometry

For a complete list of videos, visit our video library