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From the list of accounts following, show the effect of the on assets, labies 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, labies and equity (A-L+EQ The accounts to be used are Cash Accounts Recevable Inventory Computers Office Omice Equipment Furniture Plant and equipment Accounts 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 ncrease or Decrease Amount Cash increase $2,000 Revenue Increase $2,000 Business transaction Questions Purchased office equipment on credit for $2,000 Increase or Decrease Account Amount Increase or Decrease Account Amount 2.000 2,000

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