Evans Company sends invoices to all clients for services rendered for a total of $4,150. Required: What is the effect of this transaction on individual asset accounts, individual liability accounts, the Capital Stock account, and the Retained Earnings account?
A. An asset account increases.
B. An asset account decreases.
C. A liability account increases.
D. A liability account decreases.
E. Capital Stock increases.
F. Capital Stock decreases.
G. Retained Earnings increase.
H. Retained Earnings decrease.

A. An asset account increases.

G. Retained Earnings increase.

Explanation:

The starting point for this analysis would be using the double entries for the transaction,hence the invoicing of customers would give rise to the below entries:

Dr  Receivables (asset increases)                        $4,150

Cr Sales revenue(increase in retained earnings)              $4,150

Ultimately, the correct options are A,an asset account increases and G retained earnings increase,since the sales revenue brings about net income that would be recorded as part of retained earnings at the close of the period under consideration

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.