Resia Ross
New member
year? The United History Society (UHS) had the following financial events for the current year. (20 Points)
A.Jan. 2nd, ordered new equipment for $80,000. No payment or delivery was made.
B.Jan. 14th, received $100,000 payment from a prior pledge made two years ago.
C.May 15th, paid a $30,000 deposit for the equipment ordered on Jan. 2.
D.July 12th, received the equipment ordered on Jan. 2, and mailed a check for the balance due.
Show impact of these transactions on the fundamental equation of accounting.
A.Jan. 2nd, ordered new equipment for $80,000. No payment or delivery was made.
B.Jan. 14th, received $100,000 payment from a prior pledge made two years ago.
C.May 15th, paid a $30,000 deposit for the equipment ordered on Jan. 2.
D.July 12th, received the equipment ordered on Jan. 2, and mailed a check for the balance due.
Show impact of these transactions on the fundamental equation of accounting.