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On June 1, Sunland Inc. performed services and billed its client, Metlock Enterprises $3100. On June 9, Metlock paid the
Posted: Mon May 30, 2022 8:01 am
by answerhappygod
- On June 1 Sunland Inc Performed Services And Billed Its Client Metlock Enterprises 3100 On June 9 Metlock Paid The 1 (24.76 KiB) Viewed 19 times
On June 1, Sunland Inc. performed services and billed its client, Metlock Enterprises $3100. On June 9, Metlock paid the account in full. The combined effect of these two transactions on Sunland's tabular analysis is: Assets Liabilities + Stockholders' Equity Accounts Common Accounts Cash + Receivable. W Payable + Stock + Revenue M O Increase Cash $3100 and increase Revenues $3100. O Increase Accounts Payable $3100 and increases Expenses $3100. O Increase Cash $3100 and decrease Accounts Receivable $3100. O Increase Accounts Receivable $3100 and increases Revenues $3100. Retained Earnings Expenses