Business, 09.04.2021 14:00 Rosemckinney2351
A company paid an old bill from a previous month for $300 cash. The effect of this transaction in the basic accounting equation is *
A decrease in Cash and an increase in Accounts Payable
A decrease in Cash and an increase in Owner’s Capital
An increase in Accounts Payable and a decrease in Owner’s Capital
None of the above
Answers: 3
Business, 20.06.2019 18:04, reagriffis24
Which is not following is not considered a debit? a) online billing payment b) check cashed c) atm withdraws d) interest earned
Answers: 1
Business, 21.06.2019 23:00, stevend0599
What is overdraft protection (odp)? a.) a cheap and easy way to always avoid overdrawing a bank account b.) a service to automatically transfer available funds from a linked account to cover purchases, prevent returned checks and declined items when you don’t have enough money in your checking account at the time of the transaction. c.) an insurance policy sold by banks to prevent others from withdrawing your money d.) a service provided by the government that insures individuals bank deposits up to $250,000
Answers: 2
A company paid an old bill from a previous month for $300 cash. The effect of this transaction in th...
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