Ugh, Homework!

I already know accounting isn't for me. Taking this class only confirms that, and I'm only four days in.

I mean: If Johnson Company earns $42,000 of net income during the month of March, does this mean that the Cash account will increase by $42,000 in March?

I want to say yes, but it could be a trick question and the most obvious answer is not the right one. Gah.

Or: Which of the following transactions are transactions that generate revenue?
a. The owner invested cash in the business.
b. The company provided services to a customer on account.
c. The company provided services to a customer and received cash.
d. The company collected $1,000 from a customer, on account.

All of them? I don't know!

Bah. ;)

Back to it. How I spent my summer vacation...

(no subject)

I love dill pickles.