Question: Choose between (increase, decrease or no effect) 1) Rosie's employees earned $2,400 in wages that won't be paid until next month. Assets = [increase, decrease,
Choose between (increase, decrease or no effect)
1) Rosie's employees earned $2,400 in wages that won't be paid until next month.
Assets = ["increase", "decrease", "no effect"]
Liabilities = ["increase", "decrease", "no effect"]
Owners Equity = ["increase", "decrease", "no effect"]
2)
Rosie paid cash to the Crescent City marathon to be a premium sponsor. Premium sponsors have their names printed on the race tee shirt and advertising materials. The race will take place in two months.
Assets = ["increase", "decrease", "no effect"]
Liabilities = ["increase", "decrease", "no effect"]
Owners Equity= [ "increase", "decrease", "no effect"]
3)
Rosie recorded depreciation on the spa's equipment.
Assets ["increase", "decrease", "no effect"] ,
Liabilities ["increase", "decrease", "no effect"] ,
Owners Equity ["increase", "decrease", "no effect"]
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