« previous next »

Author Question: Michael Anderson is starting his computer programming business and has deposited in initial ... (Read 64 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?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

The Wisconsin Card Sorting Test. This woman is just starting the test. If she places the first card ... The Wisconsin Card Sorting Test. This woman is just starting the test. If she places the first card ...
Business Letter Format and Example. Business Letter Format and Example.
Finish with effleurage and passive touch. Apply effleurage to both sides simultaneously, starting at ... Finish with effleurage and passive touch. Apply effleurage to both sides simultaneously, starting at ...
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Business Math Business Math
Computer-automated DNA sequencing using the chain-termination (Sanger) method Computer-automated DNA sequencing using the chain-termination (Sanger) method
Video: Introduction to Autism

For a complete list of videos, visit our video library