For Each of the Following Events, Indicate the Amount by Which

question 81

Short Answer

For each of the following events, indicate the amount by which total assets increased or decreased.
a)Purchased $400 of supplies on account.
b)Earned $800 of revenue by performing a service for cash.
c)Received utilities bill for $500, to be paid in the following period.
d)Paid salaries to employees of $5,000.
e)Purchased equipment for $1,600 on account.
f)Purchased equipment for $5,000 cash.
g)Collected $475 from a customer on an account receivable.
h)Performed $3,000 of services on account.

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Definitions:

Non-Hispanic

A demographic term used to describe individuals who do not identify as Hispanic or Latino, often used in the context of ethnic or racial studies.

Obsessive-Compulsive

Relating to, characteristic of, or affected by a disorder that involves persistent thoughts (obsessions) and repetitive behaviors (compulsions) as an attempt to control these thoughts.

Cognitive-Behavioral Therapy

Cognitive-Behavioral Therapy is a form of psychotherapy that treats problems by modifying dysfunctional emotions, behaviors, and thoughts.

Psychodynamic Therapy

A therapeutic approach aimed at revealing and resolving unconscious conflicts, often through exploring past experience and relationships.