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

question 132

Short Answer

For each of the following events, indicate the amount by which assets increased or decreased.
a)Owner invested cash of $25,000 and equipment valued at $10,500 into the business.
b)Purchased $600 of supplies on account.
c)Borrowed $10,000 from the bank, issuing a note payable.
d)Performed a service for $1,500 and immediately collected the cash.
e)Paid the employee salaries of $1,200 cash.
f)Purchased equipment for $550 cash.
g)Received monthly rent bill of $1,300, to be paid in the following month.
h)Performed a service on account for $2,300.

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Definitions:

Upside Potential

The potential or possibility for an investment, project, or venture to increase in value or profitability.

Stars

High-growth and high-market share items or businesses that require large investments to maintain their leadership but generate substantial cash.

Substantial Penetration

Achieving a significant level of market share or influence within a particular market or among a target audience, often implying a deep understanding and effective marketing efforts.

Expanding Markets

The process of entering new geographic or demographic areas to increase a company's customer base and sales potential.