Windsor, inc. has the following transactions during august of the current year. indicate (a) the effect on the accounting equation and (b) the debit-credit analysis. aug. 1 opens an office as a financial advisor, investing $4,100 in cash in exchange for common stock. 4 pays insurance in advance for 6 months, $1,850 cash. 16 receives $400 from clients for services performed. 27 pays secretary $1,760 salary.

a) the accounting equations keeps equals

b) in the explanation at the bottom

Explanation:

Agu 1.

a)the effect on the accounting equation

1. Opens an office as a financial advisor, investing $4,100 in cash in exchange for common stock.

the asset keeps the same

Pays insurance in advance for 6 months, $1,850 cash

the asset keeps the same

Receives $400 from clients for services performed

the asset increase because the cash increase +$400 and the accounts receivable decreased

Pays secretary $1,760 salary.

The cash decrease because paid -$1,760 and the account of the salaries to pay decrease -$1.760

b) the debit-credit analysis

                              debit          credit

Cash                                       -$4.100                   assets account

investing                +4100                                     assets account

Cash                                       -$1.850                   assets account

Pays insurance     +1.850                                     assets account

Cash                       +400                                      assets account

Acc receivable                       -400                       assets account

cash                         -1.760                                    assets account

wages to pay                          -1.760                    liabilities account

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answerangel investor;