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 111 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
YES! Correct, THANKS for helping me on my review

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
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
Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt
“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 ...
Effect of an Increase in gA,2 on Productivity and Output Effect of an Increase in gA,2 on Productivity and Output
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library