Question
Match the following to Options given from A to M 1.Paid part of an amount owed from a bank loan 2. Cash withdrawal by owner
Match the following to Options given from A to M
1.Paid part of an amount owed from a bank loan
2. Cash withdrawal by owner
3. Received notice to pay taxes next month
4. Provided service owed to customer
5. Paid cash for purchase of equipment
A. Increase assets, increase liabilities
B. Increase assets, decrease liabilities
C. Decrease assets, increase liabilities
D. Decrease assets, decrease liabilities
E. Increase assets, increase owner's equity
F. Increase assets, decrease owner's equity
H. Decrease assets, decrease owner's equity
I. Increase liabilities, increase owner's equity
J Increase liabilities, decrease owner's equity
K. Decrease liabilities, increase owner's equity
L. Decrease liabilities, decrease owner's equity
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