impact 1: -assets or +assets

impact 2: -liabilities or +liabilities

7. Indicate what impact the following transactions would have on the accounting equation, Assets = Liabilities + Equity, Impact 1 Impact 2 Paid monthly note payment to bank [ Seleccionar [ Seleccionar ] Sold inventory on account [ Seleccionar > [ Seleccionar ) Bought supplies, to be paid for next month Seleccionar Seleccionar Received cash from sales this month [Seleccionar Seleccionar Bought supplies, to be paid for next month [ Seleccionar Seleccionar Received cash from sales this month [ Seleccionar [Seleccionar Paid for inventory purchased on account last month Seleccionar Seleccionar Preguntas 1ents EN hp 15 16 Tg 16 $ 4 % &