Question
In the columns below, indicate whether each transaction caused and increase (+), a decrease (-), or no change (NC) in assets, liabilities, and owners equity.
In the columns below, indicate whether each transaction caused and increase (+), a decrease (-), or no change (NC) in assets, liabilities, and owners equity.
Transaction | Assets | Liabilities | Owners equity |
a. Withdrawal of cash by owner | __________ | __________ | __________ |
b. Purchase of an asset for cash | __________ | __________ | __________ |
c. Purchase of an asset on account | __________ | __________ | __________ |
d. Received, but did not pay, water bill | __________ | __________ | __________ |
e. Paid wages not previously recorded | __________ | __________ | __________ |
f. Invested equipment in the business | __________ | __________ | __________ |
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