Question 1160864: hi
Can help me please
thanks
State whether the following statements are TRUE (T) or FALSE (F)
1- Robitaille Company received a cash advance of $500 from a customer. As a result of this event, assets will be increased by $500.
2- Pastorek Company purchased equipment for $1,800 cash. As a result of this event, equity will be decreased by $1,800.
3- Root Company provided consulting services and billed the client $2,500. As a result of this event, assets are remained unchanged.
Answer by MathLover1(20849)   (Show Source):
You can put this solution on YOUR website!
1- Robitaille Company received a cash advance of $500 from a customer. As a result of this event, assets will be increased by $500.->TRUE
2- Pastorek Company purchased equipment for $1,800 cash. As a result of this event, equity will be decreased by $1,800.->FALSE
3- Root Company provided consulting services and billed the client $2,500. As a result of this event, assets are remained unchanged.->FALSE
|
|
|
