For the purposes of this relatively brief presentation, an asset is defined as something of value owned or controlled by the entity. The merchandise would decrease by $5,500 and owner’s equity would also decrease by the same amount. On 22 January, Sam Enterprises pays $9,500 cash to creditors and receives a cash discount of $500. […]
When you quit drinking, you’ll probably notice that the colds, flu, and other illnesses you always seem to catch happen less often. When you do get sick, you’ll probably feel like you recover more easily when you’re sober. Alcohol makes it harder for your body’s immune system to make enough white blood cells to fight off […]
