Question
1. Received $10,000 for services to be provided the same day. 2. Billed clients $10,000 for services provided. 3. Paid $100,000 for land. How the
1. Received $10,000 for services to be provided the same day.
2. Billed clients $10,000 for services provided.
3. Paid $100,000 for land.
How the event affect assets, liabilities, equity
| Assets | Liabilities | Equity |
| + - NE | + - NE | + - NE |
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
