Aunt Connies Cookies

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Pre-written Papers:

Title: Aunt Connies Cookies

Essay Details:

Subject: Miscellaneous

Author: Chris G

Date: March 12, 2011

Level: University

Grade: A

Length: 4 / 1034

Essay text:

Therefore, I decreased ?Cash' by the same amount. This transaction conveys to the manager that it does not affect Connie's capital because the cash flow went down, but the equipment asset went up. The second transaction I will discuss is when Connie purchased office equipment to furnish her workplace after setting up the operational infrastructure. She bought the equipment for $15,000 on account from Trevor Depot; therefore, I increased ?Equipment' by $15,000 to account for the increase in property. To record the increase in dues, I increased ?Accounts Payable' by $15,000. This conveys to the manager that the firm now owes $15,000, while it owns equipment worth $35,000...

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