Team Shirts sold 4,000 worth of its own stock in the stock ...

[danielfitts88]

Team Shirts sold 4,000 worth of its own stock in the stock market. The transaction would _________ cash by 4,000 and _________ shareholders' equity by 4,000.
 
  A) increase; increase
  B) decrease; decrease
  C) increase; decrease
  D) decrease, increase

Question 2

Accompanying the bank statement was a debit memo for bank service charges. On the bank reconciliation, theitem is
 a. a deduction from the balance per company's records
  b. an addition to the balance per bank statement
  c. a deduction from the balance per bank statement
  d. an addition to the balance per company's records

[mk6555]

Answer to Question 1

A

Answer to Question 2

a

[danielfitts88]

Wow, this really help

[alvinum]

Thanks for the timely response, appreciate it