× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
y
2
m
2
m
2
u
2
m
2
B
2
M
2
e
2
k
2
N
2
y
2
m
2
This topic contains 1 attachment.
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
xfcrch xfcrch
wrote...
Posts: 2
Rep: 0 0
3 years ago
Selected transactions for L.Visser, an interior decorator, in her first month of business are as follows.

For this specific transaction, ''Invested $8,000 cash in the business"
Why is cash debited, and why is it an increase as well as the capital credited?

For "Billed customers $1800 for services performed" why is Accounts Receivable affected as an increase and not a decrease?
Read 108 times
2 Replies

Related Topics

Replies
Answer rejected by topic starter
wrote...
#1
3 years ago
Hi xfcrch, see if this helps:

Indication in the different sections done for the transaction of January month:
 Attached file 
Thumbnail(s):
You must login or register to gain access to this attachment.
xfcrch Author
wrote...
#2
3 years ago
Yes, but for the specific transactions that I said, I don't understand why they are these answers. Do you mind explaining?
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1253 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Gallery
  
 1202
  
 287
  
 111
Your Opinion
Which is the best fuel for late night cramming?
Votes: 233
Previous poll results: Which of the following is the best resource to supplement your studies: