For each of the following transactions,determine whether there is an increase,decrease,or no change in net income.
a.Purchased inventory for $8,700.
b.Earned $15,000 in sales for the month.
c.The cost of inventory sold was $6,000.
d.Dividends paid to shareholders were $1,000.
e.Paid employees $1,300.

Question

Quizplus · Accepted Answer

The Answer of For each of the following transactions,determine whether there is an increase,decrease,or no change in net income.
a.Purchased inventory for $8,700.
b.Earned $15,000 in sales for the month.
c.The cost of inventory sold was $6,000.
d.Dividends paid to shareholders were $1,000.
e.Paid employees $1,300.

For Each of the Following Transactions,determine Whether There Is an Increase,decrease,or