The following are select transactions that occurred in July 2019 for a photography company, Park Photo. The company paid rent on its studio for July and August at $2,000 per month The company bought $500 of office supplies in July on account. At the end of July, the company determined it had only $400 of supplies left on hand. The company received a deposit of cash of $5,000 for a wedding that it will photograph in November. The service for the customer will be completed in November. At the end of July, after all adjusting entries have been made for the month, how much did total assets for Park Photo increase or decrease by from the above transactions

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer(8,000.)

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.