There are ten transactions listed below. Match the transactions that have the identical effect on the accounting
Question:
There are ten transactions listed below. Match the transactions that have the identical effect on the accounting equation. You should end up with 5 matches.
a. Receive cash from customers on account
b. Issue stock in exchange for cash
c. Pay cash to reduce an account payable
d. Purchase supplies for cash
e. Pay cash to reduce a note payable
f. Purchase supplies on account g. Receive additional investment from a stockholder h. Purchase equipment in exchange for a note payable i. Pay utilities with cash j. Pay dividends
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Related Book For
Loose Leaf For Financial Accounting For Managers
ISBN: 978-1264503988
1st Edition
Authors: Wayne Thomas ,Michael Drake ,Jake Thornock ,David Spiceland
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