The following table shows the effects of five transactions (a through e) on the assets, liabilities, and
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Assets = Liabilities + Equity Cash + Accounts Office + Land Accounts Trista, + Revenues Receivable Supplies Payable Capital 0$43,000$0 $21,000 $ 0 $3,00 $19,000 o.4,000 b. C. +4,000 +1,000 +1,000 +1,900 + 1,900 d1,000 e. 1,9001,900 -1,000 $ 17,900 + $-0 + $4,000 + $23,000 = $ 0 + $43,000 + $1,900
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a Purchased land for 4000 cash b Purchased 1000 of office ...View the full answer
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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