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Which of the following September transactions would impact the September income statement?

a. Issuing stock to new shareholders
b. Collecting cash related to an account receivable
c. Providing services
d. Purchasing equipment

User Everag
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1 Answer

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Final answer:

Collecting cash related to an account receivable and providing services would impact the September income statement.

Step-by-step explanation:

The September transactions that would impact the September income statement are:

  1. Collecting cash related to an account receivable
  2. Providing services

Issuing stock to new shareholders and purchasing equipment do not have a direct impact on the income statement in September. Issuing stock involves selling ownership of the company and becoming responsible to shareholders, but it does not immediately affect the income statement. Purchasing equipment is a capital expenditure that affects the balance sheet, not the income statement.

User Newbie Learner
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