Transactions the selected transactions below were completed by cota delivery service during july: indicate the effect of each transaction on the accounting equation by choosing the appropriate letter from the following list: increase in an asset, decrease in another asset. increase in an asset, increase in a liability. increase in an asset, increase in stockholders' equity. decrease in an asset, decrease in a liability. decrease in an asset, decrease in stockholders' equity. 1. received cash in exchange for common stock, $35,000. c 2. purchased supplies for cash, $1,100. 3. paid rent for october, $4,500. b 4. paid advertising expense, $900. 5. received cash for providing delivery services, $33,000. 6. billed customers for delivery services on account, $58,000. 7. paid creditors on account, $2,900. 8. received cash from customers on account, $27,500. 9. determined that the cost of supplies on hand was $300 and $8,600 of supplies had been used during the month. 10. paid cash dividends, $2,500.

Answer & Explanation:

1.- Increase    in assets and equity

(cash is asset and common stockequity)

2.- no effect

(one asset cash is rtaded for another, supplies)

3.- Decrease in Assets and Equity

(expense decrease the cash (assets) and equity (income))

4.- Decrease in Assets and Equity

(expense decrease the cash (assets) and equity (income))

5.- Increase   in assets and equity

(cash increase equity increase (service revenue))

6.- Increase   in assets and equity

(account receivable increase equity increase (service revenue))

7.- Decrease  in Assets and Liablity

(ap decrease and cash decrease)

8.- no effect

(one asset increases cash. Another decreases, account receivable)

9.- Decrease in Assets and Equity

(expense decrease the suppplies (assets) and equity (income))

10.- Decrease in Assets and Equity

(less cash less retained earnings)

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

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