Indicate How Each of the Following Transactions Will Affect the Balance

question 34

Essay

Indicate how each of the following transactions will affect the balance sheet equation.
A) Company purchases $10,000 worth of goods on credit.
B) Company signs a lease and pays the first month's rent of $750.
C) Company pays $500 for an ad that appears in the local newspaper.
D) Company sells $15,000 worth of goods during the first month; $12,000 for cash and $3,000 on credit.E) Company pays $10,000 for the goods bought in A).
F) Company collects $2,000 of the amount owing from customers.
G) Owner pays herself a $500 dividend from the first month's earnings.

• A) Company purchases $10,000 worth of goods on credit.
• B) Company signs a lease and pays the first month's rent of $750.
• C) Company pays $500 for an ad that appears in the local newspaper.
• D) Company sells $15,000 worth of goods during the first month; $12,000 for cash and $3,000 on credit.E) Company pays $10,000 for the goods bought in A).
• F) Company collects $2,000 of the amount owing from customers.
• G) Owner pays herself a $500 dividend from the first month's earnings.

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Definitions:

Multispeed Fan Motors

Motors designed to operate at various speeds to control the airflow rate for different cooling or ventilation requirements.

Run Winding

The winding of a split-phase motor that remains energized during operation.

Resistors

Electronic components designed to introduce a specific amount of resistance to an electrical current, used in circuits to manage current flow.

Inductance

A property of an electrical conductor by which a change in current flowing through it induces an electromotive force both in itself (self-inductance) and in nearby conductors (mutual inductance).