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From the list of accounts following, show the effect of the on assets, Rabilities and equity (A=L+Eq) The accounts to be used are: Cash Accounts

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From the list of accounts following, show the effect of the on assets, Rabilities and equity (A=L+Eq) The accounts to be used are: Cash Accounts Receivable Inventory Computers Office Equipment Office Furniture Plant and Accounts equipment Payable Loan Capital Drawings Retained Earnings Revenue Expenses Taxes Motor Prepaid Rent Vehicles Land and Buildings An example is: A company made a sale for $2000 cash Answers should look like: Account increase or Decrease Amount Account increase or Decrease Amount Cash increase $2,000 Revenue Increase $2,000 Business transaction Questions Borrowed money from XYZ bank, 510,000 Account Increase or Decrease Amour Account Increase or Decrease Amount 110.000 10.000

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