Ask Question
6 July, 06:03

Smith Decorating Services pays $200 cash for rent expense. How would this transaction affect the accounting equation?

+2
Answers (1)
  1. 6 July, 07:32
    0
    Equity would decrease (Expenses, Rent Expense in this case, causing Retained Earnings to decrease).
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Smith Decorating Services pays $200 cash for rent expense. How would this transaction affect the accounting equation? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers