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
Correct Answer:

Verified
Correct Answer:
Verified
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