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Assets Liabilities Equity a. - NE - b. + + NE c. +,- NE NE d. NE + - e. No transaction Use the following
Assets | Liabilities Equity | ||
a. | - | NE | - |
b. | + | + | NE |
c. | +,- | NE | NE |
d. | NE | + | - |
e. | No transaction |
Use the following chart to answer how each transaction affects the accounting equation for the transactions listed below
Accrued interest on a note payable.
C | ||
A | ||
E | ||
B | ||
D |
Recieved cash in advance of services to be performed.
A | ||
D | ||
E | ||
C | ||
B |
Paid to replacethe roof on the companies building .
B | ||
A | ||
D | ||
C | ||
E |
Accrued interest on a note receivable.
B | ||
D | ||
A | ||
C | ||
E |
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