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AgBiz Company specializes in selling bulk, bagged, and liquid fertilizer. It also offers custom fertilizer application. The following reflect the transactions that occurred at the
AgBiz Company specializes in selling bulk, bagged, and liquid fertilizer. It also offers custom fertilizer application. The following reflect the transactions that occurred at the company during the month of April 2022. Match the following transactions to its effect on Assets, Liabilities or Owner's Equity/Net worth. This is similar to performing a transaction analysis. On April 1, Owner places $29,000 of her own money into the A. Increase in Asset and Increase in Owner's Equity business bank account. B. Decrease in Owner's Equity and Increase in Liability On April 4, Purchased fertilizers for $15,000 from Royalty C. Increase in Asset and Decrease in Asset Herbicides Company on account D. Decrease in Asset and Decrease in Owner's Equity On April 5, Purchased fertilizers for $5,000 from Royalty E. Increase in Asset and Increase in Liabilities Herbicides Company with cash On April 8, Cash sales to a Viking Farm for $100,000 On April 12, Viking Farm returns $10,000 worth of fertilizer that was purchased on April 8 On April 24, Owner withdraws $2,000 from the bank for own private use. On April 25, Paid $4,000 cash for rent of storage space for the next six months. On April 28, Incurred advertising expense for May of $1,200 on account. On April 29, Incurred salaries and wages expense for May of $1,200 with cash On April 29, Credit sales to a customer of $10,000
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