please help with accounting 1 question with 5 parts, please answer all parts :) ...

60.1K

Verified Solution

Question

Accounting

please help with accounting
1 question with 5 parts, please answer all parts :)
image
image
image
image
image
Shareholder's Equity can be broken down into two main parts, and Assets; Liabilities Retained Earnings; Dividends Revenue; Expenses Retained Earnings; Contributed Capital Which of the following options would increase Retained Earnings? Accounts Payable Dividends Net Losses Revenues In August, Crayon Company sold $500 of services on account to a customer. How does this transaction impact the accounting equation? Assets increase and equity increases Liabilities decrease and equity increases Assets decrease and assets increase Liabilities increase and equity increases Assets increase and liabilities increase Which financial statement would report depreciation expense? Statement of Retained Earnings Dividend Statement Balance Sheet Income Statement When a company incurs costs for employee salaries but will not pay cash until the following month, which account is credited? Salaries Payable Salaries Revenue Cash Accounts Payable Salaries Expense

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students