Identify Each of the Following as an (1) Increase

question 71

Short Answer

Identify each of the following as an (1) increase to owner's equity or a (2) decrease to owner's equity.
(a)Fees earned
(b)Wages expense
(c)Withdrawals
(d)Lawn care revenue
(e)Investment
(f)Supplies expense

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Definitions:

Multifidus

The multifidus is a deep muscle of the back that stabilizes the vertebrae during movement and helps maintain proper posture.

Psoas Minor

A slender muscle of the human body, located anterior to the psoas major muscle, that plays a role in flexing the lumbar region of the vertebral column.

Trapezius

A large, triangular muscle extending over the back of the neck and shoulders, involved in moving, rotating, and stabilizing the scapula and extending the neck.

Scapula

A flat, triangular bone located in the upper back, commonly known as the shoulder blade, that connects the humerus with the clavicle.