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How would the following affect the fundamental accounting equation? Assets = Liabilities + Equity I don't understand how to do E-J. A-D was simple but
How would the following affect the fundamental accounting equation?
sos ahtai accountin8 equation? Xx) Purchase inventory worth $2,000 on account. A) Purchase equipment worth $2,000 on B) Purchase furniture worth $600 with cash. C) Owner invested additional $3,000 cash into the business. D) Owner withdrew $2,000 cash from the business. E) Owner withdrew $500 worth of inventory from the business. F) The business paid wages $800 to employees. G) The business received $1,000 cash sales. H) The business received $400 credit sales. I) The business purchased $800 worth of inventory; paid cash $300 and the rest on accoun J) The business recorded cash sales of $900 and credit sales of $400. urchase equipment worth $2,000 on accounp account Assets = Liabilities + Equity
I don't understand how to do E-J. A-D was simple but I don't get how to do the rest.
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