Answered

At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Get immediate and reliable answers to your questions from a community of experienced professionals on our platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

jackson's programming paid its june rent of $500 cash. demonstrate how to use the accounting equation to record the transaction by completing the following sentence. jackson would decrease (expenses/cash/revenues) and increase (expenses/equity/revenues) in the accounting equation.

Sagot :

Parrain

Based on Jackson's programming paying rent of $500 cash the effect on the accounting equation is Jackson would decrease cash and increase expenses in the accounting equation.

How are expenses treated?

When a company incurs an expense such as rent, this goes to the Rent account and will increase it.

On the other hand, because the amount that will be used to pay off the rent will be taken from cash, the cash account will decrease.

In conclusion, expense will increase and cash will decrease.

Find out more on the accounting equation at https://brainly.com/question/24401217

#SPJ1

We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.