Halley Burton began a Web Consulting practice as a corporation and completed these transactions during September of the current year.
Show the effects of the above transactions on the accounting equation of Web Consulting. Use the following format for your answers. The first item is shown as an example.
Increase = I Decrease = D No effect = N
Definitions:
Business Plan
A formal document detailing a business's goals, strategies, target market, and financial forecasts.
Balanced Portfolio
An investment strategy involving holding a variety of assets classes, such as stocks, bonds, and cash, to reduce risk while aiming to achieve a reasonable return.
Earned Income
Revenue generated from the sale of goods or services by an organization or individual.
Earned Income
Earned income is revenue generated from the sale of goods and services. For nonprofits, this includes income earned aside from donations and grants.
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