Garrison Company acquired $23,000 by issuing common stock. W…

Garrison Company acquired $23,000 by issuing common stock. Which of the following accurately reflects how this event affects the company’s accounting equation? Assets=Liabilities+Common Stock+Retained EarningsA.23,000= +23,000+ B. =23,000+(23,000)+ C. = +23,000+(23,000)D.23,000= + +23,000

On August 1, Year 1, Lace Company paid $2,400 cash for an in…

On August 1, Year 1, Lace Company paid $2,400 cash for an insurance policy that would provide protection for a one-year term. Which of the following shows how the required adjustment on December 31, Year 1, will affect Lace Company’s balance sheet? Balance SheetAssets=Liabilities+Stockholders’ EquityCash+Prepaid Rent=Accounts Payable+Common Stock+Retained EarningsA.(2,400)+2,400= + + B. +(800)= + +(800)C. +2,400=2,400+ + D. +(1,000)= + +(1,000)

Jasmine calls a mobile phone store to inquire about a new ph…

Jasmine calls a mobile phone store to inquire about a new phone available in the market. The customer service operator sends her an e-mail with the product details along with other specifications Jasmine requested. Which type of touch point is illustrated in this scenario?