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QUESTION 2 Below are the transaction in relation to Mutiara Enterprise for January 2020 Eg; Transactions Paid stationeries by cheque Effects Increase expenses Decrease asset
QUESTION 2 Below are the transaction in relation to Mutiara Enterprise for January 2020 Eg; Transactions Paid stationeries by cheque Effects Increase expenses Decrease asset Double entry Dr Stationery Cr Bank 1. 2. 3. Owner brought in cash into the business Owner brought in furniture into the business Purchased goods on credit from Sweety Enterprise Received a loan from ABC Bank Paid employees wages by cheque 4. 5. Required: a) Identify the effects (increase/decrease) of the above transactions on assets, liabilities, owner's equity, revenues and expenses. b) Identify the double entry for the above transactions
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