« previous next »

Author Question: Michael Anderson is starting his computer programming business and has deposited in initial ... (Read 57 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 average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

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?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

A Bear Automotive starting and charging tester. This tester automatically loads the battery for 15 ... A Bear Automotive starting and charging tester. This tester automatically loads the battery for 15 ...
How does your baby grow up starting from 4th month? How does your baby grow up starting from 4th month?
Business Math, 10th Edition Business Math, 10th Edition
Computer Forensics: Principles and Practices 1st Edition Computer Forensics: Principles and Practices 1st Edition
Linear programming problems using the simplex method. Linear programming problems using the simplex method.
Business Math Business Math
Video: Double Vacuum Process (Illustration No Audio)

For a complete list of videos, visit our video library