EFFECTS OF ECONOMIC TRANSACTIONS ON THE ACCOUNTING BALANCE 1. In general, any economic transaction produces changes, that is, increases or decreases in one or two elements of the accounting equation. This affects the values of the components of the financial statements For the following transactions identify the asset allocation (debit and credits) TRANSACTIONS DEBITO (aumenta) CREDIT (decreases) AFFECTS THE ASSET IN THE ACCOUNT The partner paid in General box x cash Current account National currency X opening bank Goods Purchase Inventories X Payment of contributions with vehicles Bank Loan A customer paid bill in cash Check is issued to supplier Transport equipment is sold Payment of the loan and interest Current opening account Checkbook purchase Payroll Goods sale Payment of dividends to shareholders Minor box is created For the following transactions identify affectation of the liability (debit and credits) TRANSACTIONS AFFECTS LIABILITY THE IN THE ACCOUNT Purchase of goods on Suppliers credit The assembly distributed dividends Bank loan Financial obligation Social benefits for Layoffs employees The income tax is settled Payment of goods Payment of labour obligations Payment of dividends to shareholders Payment withholdings suppliers of to Payment for the month of transport Payment of income tax Payment of bank loans DEBIT(decrease) CREDITO(aumenta) X X X For the following transactions identify affectation of the Estate (debit and credits) TRANSACTIONS AFFECTS THE EQUITY DEBIT(decrease) CREDITO(aumenta) IN THE ACCOUNT The member paid | Share capital cash contributions The member paid Share capital their contributions with a vehicle Shares are issued The entity obtained profits from the exercise The assembly declared reservations The assembly distributed dividends Liquidation of wealth tax Disbursement contributions of The entity obtained losses from the exercise X X