Question
Match the combination of changes in the accounting equation described below with the events listed below. A) Assets increase; Assets decrease B) Assets increase; Liabilities
Match the combination of changes in the accounting equation described below with the events listed below.
A) Assets increase; Assets decrease
B) Assets increase; Liabilities increase
C) Assets increase; Owner's equity increase
D) Assets decrease; Liabilities decrease
E) Assets decrease; Owner's equity decrease
F) Liabilities increase; Liabilities decrease
G) Liabilities increase; Owners' equity decreases
H) Liabilities decrease; Owners' equity increases
I) Owners' equity increases; Owners' equity decreases
J) Not recorded in accounting system
Borrowed cash
[ choice ] J B E D A C H
Purchased a truck by paying cash
[ choice ] J B E D A C H
Major client goes out of business
[ choice ] J B E D A C H
Paid dividend to owners
[ choice ] J B E D A C H
Creditor takes stock in the company in exchange for retiring debt
[ choice ] J B E D A C H
Paid note that came due
[ choice ] J B E D A C H
Customer pays bill in cash
[ choice ] J B E D A C H
Owner made contribution to firm
[ choice ] J B E D A C H
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