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Public Relations Inc.
managed a grand opening party on behalf of a new restaurant on April 15, 2009. Public Relations charged the restaurant $2,100.
The restaurant paid
for $1,800 of the bill from Public Relations Inc.
on April 20, 2009.
The remaining balance
was paid on May 5, 2009. How did these transactions affect
Public Relations’ income statement for the month of
April and for the balance sheet at April 30, 2009?
| Transaction |
How did effect net income? Multiple choice: (Decreased, Increased, Net effect of $0.00 or No effect) |
how did it effect balance sheet? Multiple choice: (Decreased, Increased, Net effect of $0.00 or No effect) |
|
April 15, 2009 |
????? |
????? |
|
April 20, 2009 |
How did it effect Net income? Multiple choice? (Decreased, Increased, Net effect of $0.00 or No effect) ???? |
how did it effect on balance sheet Multiple choice? (Decreased, Increased, Net effect of $0.00 or No effect) ????? |
