6.Question 6Which of the following effects on accounts from a transaction is possible?1 pointCash decreases; Accounts Payable (A/P) decreasesCash increases; Accounts Receivable (A/R) increasesRent expense increases; Cash increasesAccounts Receivable (A/R) decreases; Sales revenue increasesInventory increases; Accounts Payable (A/P) decreases

When a company records sales on credit, how does it impact the accounts and financial statements?Question 12Answera.Increases revenue and decreases accounts receivable.b.Increases cash and decreases accounts receivable.c.Increases cash and increases revenue.d.Increases accounts receivable and increases revenue.

Question 5At the beginning of November, 2017, Avalanche Corp. has an existing accounts receivable (A/R) balance of $35,056. On November 16th, 2017, Avalanche Corp. receives $15,112 in payments from customers on their accounts. What is the effect of this transaction on Avalanche Corp.’s accounts?1 pointCash increases; Accounts Payable (A/P) decreasesCash increases; Sales revenue decreasesAccounts Receivable (A/R) decreases; Accounts Payable (A/P) increasesAccounts Receivable (A/R) decreases; Service revenue increasesCash increases; Accounts Receivable (A/R) decreases

Which of the following will decrease cash flow?Accounts receivable increaseAccounts payable increaseDepreciation expense increasesTax rates decreaseInitial investment decreases

4.7.Indicate whether each of the following items would result in net cash flowfrom operating activities being higher (H) or lower (L) than net income.1.Decrease in accounts payable.2.Depreciation expense.3.Decrease in inventory.4.Gain on sale of assets.5.Increase in accounts receivable.6.Increase in deferred tax liabilities.7.Decrease in accrued liabilities.8.Increase in prepaid expenses.9.Increase in deferred revenue.10.Decrease in interest receivable.

(b) Record the effects of the above transactions in the ledger accounts.