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 93 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
:D TYSM

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
China’s 8% annual increase in oil consumption China’s 8% annual increase in oil consumption
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
It is important for new employees to know the location of all fire extinguishers. (C) Sweep the area ... It is important for new employees to know the location of all fire extinguishers. (C) Sweep the area ...
“Career choice” for many women means leaving their paid jobs for a number of years when they ... “Career choice” for many women means leaving their paid jobs for a number of years when they ...
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Video: Neural regulation of blood pressure - baroreceptor and chemoreceptor reflexes

For a complete list of videos, visit our video library