Acct 105 Summer 2016
Investment of additional cash in the business by the stockholders would:
Increase an asset and increase stockholders equity
The purchase of equipment for cash would:
Increase one asset and decrease another asset.
Liabilities represent claims against the companys assets and may be in the form of accounts
payable or notes payable.
A general journal entry having two debits and a credit is a compound entry.
Which of the following is not a busines
The Trial Balance columns of the work sheet show store fixtures of $4,000. Estimated depreciation for
the period is $400. The Store Fixtures amount in the Balance Sheet columns of the work sheet will be a:
Which of the following stat