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Question 8 Not checked. Marked out of 16.00 question Take me to the text Indicate whether the account balances will increase or decrease and
Question 8 Not checked. Marked out of 16.00 question Take me to the text Indicate whether the account balances will increase or decrease and by how much, based on each transaction. The first one has been done for you. Always ensure that the accounting equation is balanced. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Where a transaction affects two accounts in the same category, enter the positive amount in the first row provided and enter the negative amount in the second. Transaction Purchased a new television for $1,000 on credit. 1) Purchased $85 worth of fuel on credit. 2) Made a $810 car loan payment 3) Purchased a couch for $840 cash Assets Liabilities Net Worth 1000 1000 4) Received $480 cash in exchange for some jewellery you sold. 5) Received a cash gift of $980 6) Paid $1,090 for one month of rent on apartment 7) Paid interest of 541, in cash, on the car loan Quizn
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