Author Question: Team Shirts sold 4,000 worth of its own stock in the stock market. The transaction would _________ ... (Read 111 times)

danielfitts88 · **on:** Jul 5, 2018

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