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
Purchased a truck by paying cash
Major client goes out of business
Paid dividend to owners
Creditor takes stock in the company in exchange for retiring debt
Paid note that came due
Customer pays bill in cash
Owner made contribution to firm
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