EFFECTS OF EVENTS ON ASSETS. What effect does each of the following transactions have on the assets

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EFFECTS OF EVENTS ON ASSETS. What effect does each of the following transactions have on the assets of a business?

a) An owner invests cash in the business.

b) The business purchases equipment on credit.

c) The business purchases equipment for cash.

d) The business borrows cash from a bank.

4

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Financial Accounting

ISBN: 9780070213555

5th Edition

Authors: Robert K. Eskew, Daniel L. Jensen

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