The following transactions are July activities of Noah's Tik Tok Service, which creates videos. a. Noah paid $636 to plumbers for repairing a broken pipe in the restrooms. b. Noah paid $428 for the June electricity bill and received the July bill for $622, which will be paid in August. c. Noah paid 348 to employees for work in July. What are the total change to liabilities that Noah will recognize in July? If increase, leave as a positive number. If decreases, place a -Before the number. Example a decrease of $1,0 -1,000.
The following transactions are July activities of Noah's Tik Tok Service, which creates videos. a. Noah paid $636 to plumbers for repairing a broken pipe in the restrooms. b. Noah paid $428 for the June electricity bill and received the July bill for $622, which will be paid in August. c. Noah paid 348 to employees for work in July. What are the total change to liabilities that Noah will recognize in July? If increase, leave as a positive number. If decreases, place a -Before the number. Example a decrease of $1,0 -1,000.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 79BPSB
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![Question 1
The following transactions are July activities of Noah's Tik Tok Service, which creates videos.
a. Noah paid $636 to plumbers for repairing a broken pipe in the restrooms.
b. Noah paid $428 for the June electricity bill and received the July bill for $622, which will be paid in August.
c. Noah paid 348 to employees for work in July.
What are the total change to liabilities that Noah will recognize in July? If increase, leave as a positive number. If decreases,'place a -Before the number Example a decrease of $1,0
-1,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4959d4f7-c515-4b84-8a14-00389cef5562%2F9fd5c943-f171-4a30-87ab-1045f36b30c9%2F2g72hjm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 1
The following transactions are July activities of Noah's Tik Tok Service, which creates videos.
a. Noah paid $636 to plumbers for repairing a broken pipe in the restrooms.
b. Noah paid $428 for the June electricity bill and received the July bill for $622, which will be paid in August.
c. Noah paid 348 to employees for work in July.
What are the total change to liabilities that Noah will recognize in July? If increase, leave as a positive number. If decreases,'place a -Before the number Example a decrease of $1,0
-1,000.
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