Effect of transactions on accounting equation OBJ. 4 Describe how the following business transactions affect the three

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Effect of transactions on accounting equation OBJ. 4 Describe how the following business transactions affect the three elements of the accounting equation:

a. Invested cash in business.

b. Paid for utilities used in the business.

c. Purchased supplies for cash.

d. Purchased supplies on account.

e. Received cash for services performed.

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Financial And Managerial Accounting

ISBN: 9781305267831,9781305267848

13th Edition

Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac

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