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For the following transactions, indicate by letter how it affects the equation. 1)Billed a client foe sevices redered. 2) Collected an accounts receivable. 3) Bought
For the following transactions, indicate by letter how it affects the equation.
1)Billed a client foe sevices redered.
2) Collected an accounts receivable.
3) Bought equipment, paying part in cash and part on account.
4) Paid the monthly rent.
5) Paid a creditor the amount owed.
6) Owner withdrew cash from the business for personal use.
7) Bought supplies for cash.
8) Peformed services for a cash customer.
9) Owner invested equipment in the business.
10) Received the utility bill for the month.
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