Business, 16.07.2020 17:01 person4936

Below is a list of activities for Jayhawk Corporation. Required: Select from the activities of Jayhawk Corporation whether the transaction increases, decreases, or has no effect on assets, liabilities, and stockholders' equity. The first item is provided as an example. Transaction Assets = Liabilities+ Stockholders' Equity
1. Issue common stock in exchange for cash. Increase= No effect+ Increase
2. Purchase business supplies on account. = +
3. Pay for legal services for the current month. = +
4. Provide services to customers on account. = +
5. Pay employee salaries for the current month. = +
6. Provide services to customers for cash. = +
7. Pay for advertising for the current month. = +
8. Repay loan from the bank. = +
9. Pay dividends to stockholders. = +
10. Receive cash from customers in (4) above. = +
11. Pay for supplies purchased in (2) above. = +

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Answer from: iBrain

Jayhawk Corporation

Transaction Assets = Liabilities Stockholders' Equity

1. Issue common stock in exchange for cash. Increase= No effect + Increase

2. Purchase business supplies on account. Increase = Increase + No effect

3. Pay for legal services for the current month. Decrease = No effect + Decrease

4. Provide services to customers on account. Increase = No effect + Increase

5. Pay employee salaries for the current month. Decrease = No effect + Decrease

6. Provide services to customers for cash. Increase = No effect + Increase

7. Pay for advertising for the current month. Decrease = No effect + Decrease

8. Repay loan from the bank. Decrease = Decrease + No effect

9. Pay dividends to stockholders. Decrease = No effect + Decrease

10. Receive cash from customers in (4) above. Increase + Decrease = No effect + No effect

11. Pay for supplies purchased in (2) above. Decrease = Decrease + No effect

Explanation:

The accounting equation states that Assets are equal to Liabilities Plus Equity. This equation remains true for every business transaction, which affects two accounts on either side of the equation. This keeps the equation in equilibrium or balance with each given transaction. It is from this equation that the double entry system of accounting was developed and is based.

Answer from: Quest

the correct option is c

Answer from: Quest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

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Below is a list of activities for Jayhawk Corporation. Required: Select from the activities of Jayha...