Describe the changes in accounts


Response to the following problem:

Describe a transaction that resulted in the following changes in accounts.

a. Rent Expense is increased by $1,050, and Cash is decreased by $1,050.

b. Advertising Expense is increased by $835, and Accounts Payable is increased by $835.

c. Accounts Receivable is increased by $372, and Service Income is increased by $372.

d. Cash is decreased by $410, and C. Tryon, Drawing, is increased by $410.

e. Equipment is increased by $1,850, Cash is decreased by $850, and Accounts Payable is increased by $1,000.

f. Cash is increased by $1,650, and Accounts Receivable is decreased by $1,650.

 

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Accounting Basics: Describe the changes in accounts
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