Earning revenue a. decreases assets, increases liabilities b. increases assets, decreases stockholders' equity c. increases one asset, decreases another asset d. increases assets, increases stockholders' equity
Solved
Show answers
More tips
- C Computers and Internet Log-in: what is it and why do you need it?...
- S Style and Beauty Secrets of Tying a Pareo: 5 Ways...
- F Food and Cooking 10 Reasons Why You Should Avoid Giving Re-Gifts: An Informative Guide...
- S Sport How to wrap boxing hand wraps? Everything you need to know!...
- A Animals and plants 5 Tips for Taking Care of Yews to Keep Them Green and Beautiful...
- H Health and Medicine How to Calm Your Nerves? Expert Tips That Actually Work...
- O Other What is a Disk Emulsifier and How Does it Work?...
- S Sport How to Pump Your Chest Muscle? Secrets of Training...
- C Computers and Internet How to Get Rid of 3pic Infector: Everything You Need to Know...
- S Style and Beauty How to Grow Hair Faster: Real Methods and Advice...
Answers on questions: Business
- M Mathematics Observe the expression below and select the true statement(s). 41 + 9 – y(6x + 7) The 7 in the third term is a coefficient. The x in the first term is an exponent....
- M Mathematics Value of K 4K+5 6k+10...
- H History What events led to the first continental congress?...
- C Chemistry How do enzymes speed un chemical reactions?...
Ответ:
d. increases assets, increases stockholders' equity
Explanation:
The journal entry for earning revenue is shown below:
Cash A/c Dr.
To Sales revenue A/c
(Being revenue is earned)
Since the revenue is earned so we debited the cash account which increases the asset balance and credited the sales revenue account which increases the stockholders' equity balance.
Ответ:
no
Explanation:
dont self promote it makes you look sçummy