Aug. 1 Opens an office as a financial advisor, investing $8,000 in cash. 4 Pays insurance in advance…

Management action plan (MAP).
July 6, 2020
What are the arithmetic and geometric returns for the stock?
July 6, 2020

T. J. Carlin has the following transactions during August of the current year. Indicate (a) the effect on the accounting equation and (b) the debit-credit analysis illustrated of the text.

Aug. 1 Opens an office as a financial advisor, investing $8,000 in cash. 4 Pays insurance in advance for 6 months, $1,800 cash. 16 Receives $800 from clients for services provided. 27 Pays secretary $1,000 salary.

 

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Aug. 1 Opens an office as a financial advisor, investing $8,000 in cash. 4 Pays insurance in advance… was first posted on July 6, 2020 at 1:47 am.
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