Several Transactions Are Listed

question 109

Multiple Choice

Several transactions are listed. Use the choices to identify the effect on the accounting equation for each transaction listed. (Choices may be used more than once.)
-collecting cash from customers on credit

• A)assets and liabilities increase
• B)assets and contributed capital increase
• C)assets and retained earnings increase
• D)two asset accounts are impacted, but there is no net effect on total assets
• E)assets and liabilities decrease
• F)assets and retained earnings decrease
• G)liabilities increase and retained earnings decrease
• H)liabilities decrease and retained earnings increase

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Definitions:

Risk Factors

Elements or conditions that increase the likelihood of developing a disease or injury.

40s

A reference to the decade of a century, often used to denote age, historical periods, or temperature ranges.

80s

A decade marked by significant cultural, political, and technological changes, spanning the years 1980 to 1989.

Pessary

A medical device inserted into the vagina to support its structure and help with conditions like pelvic organ prolapse.