Practice Exercise 1-3 A
- 3. • (2) Expense (Advertising Expense) increases
by $900;
– Asset (Cash) decreases by $900.
- 4. • (3) Asset (Supplies) increases by $600;
– Liability (Accounts Payable) increases by $600.
- 5. • (4) Asset (Accounts Receivable) increases by
$9,000;
– Revenue (Delivery Service Fees) increases by
$9,000.
- 6. • (5) Asset (Cash) increases by $5,500;
– Asset (Accounts Receivable) decreases by $5,500.