The Following Transactions Represent Part of the Activities of Tea

question 115

Essay

The following transactions represent part of the activities of Tea Party Company for the first month of its existence. Indicate the effect of each transaction upon the total assets of the business by one of the following phrases: increased total assets decreased total assets or no change in total assets.
(a) The owner invested cash to start the business.
(b) Purchased a computer for cash.
(c) Purchased office equipment with money borrowed from the bank.
(d) Paid the first month's utility bill.
(e) Collected an accounts receivable.
(f) Owner withdrew cash from the business.

---

Definitions:

Mood

A temporary state of feeling or emotional tone that can influence an individual's perception and behavior.

Stress Filled Days

Periods in which an individual experiences high levels of stress, often due to multiple or significant stressors.

Parachute Jumping

A sport or recreational activity involving executing a jump from an airplane and descending partly by free fall before opening a parachute to slow the descent.

Depressed

A clinical state characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in life.