Show the Effects of Each of the Following Items on Assets,liabilities,and

question 186

Essay

Show the effects of each of the following items on assets,liabilities,and shareholders' equity.Show the appropriate dollar amount using parentheses for negative amounts.Account titles are not required.The first transaction has been done for you.
a.Earned $8,000 in sales revenues in the last week of the month but haven't billed (invoiced)or collected from the customers yet
b.Prepaid rent used up,$2,000
c.Of the $600 in office supplies on hand at the beginning of the period,only $50 remains on hand at the end of the period.
d.Interest accumulated but unpaid on a note payable amounts to $300
e.Depreciation of the long-term assets amounts to $1,200
f.Wages and salaries earned by employees but unpaid amount to $5,000

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Definitions:

Behaviour Modelling Training

A method of training that involves observing and replicating the behaviors of others in order to learn new skills or behaviors.

Strategic Priority

A focus or activity that an organization identifies as most important to achieve its long-term goals.

Psychological Capital

A construct that encompasses an individual's positive psychological state of development, characterized by self-efficacy, optimism, hope, and resilience.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.