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1 Homework 2 Business Transactions 2 Complete the following: 1) What is the Accounting Equation? 3 42) Fill in the chart below with Debit or

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1 Homework 2 Business Transactions 2 Complete the following: 1) What is the Accounting Equation? 3 42) Fill in the chart below with "Debit" or "Credit" Account Natural Balance To increase the 5 account you... To Decrease the account you... 6 Assets 7 Liabilities 8 Equity 9 Revenue 10 Expenses 11 Common Stock 12 Dividends 133) Indicate whether each of the folliwing in an Asset account, a Liability account, or an Equity account. 14 Cash 15 Accounts Payable 9 Revenue 10 Expenses 11 Common Stock 12 Dividends 133) Indicate whether each of the folliwing in an Asset account, a Liability account, or an Equity account. 14 Cash 15 Accounts Payable 16 Dividends 17 Stock 18 Accounts Receivable 19 Revenue 20 Inventory 21 Expense nn

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