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Home Q & A Board Other Fields Homework Help Business Accounting
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xfcrch xfcrch
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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?
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Answer rejected by topic starter
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#1
3 years ago
Hi xfcrch, see if this helps:

Indication in the different sections done for the transaction of January month:
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xfcrch Author
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#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?
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