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Effect of Transactions on Accounting Equation Describe how the following business transactions affect the three elements of the accounting equation. a. Invested cash in business.
Effect of Transactions on Accounting Equation
Describe how the following business transactions affect the three elements of the accounting equation.
a. Invested cash in business.
b. Paid for utilities used in the business.
c. Purchased supplies for cash.
d. Purchased supplies on account.
e. Received cash for services performed.
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
