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Record the following impacts of the below transactions of the accounting equation. If there is no impact to that account, then put 0 . If
Record the following impacts of the below transactions of the accounting equation. If there is no impact to that account, then put 0 . If the account decrease put a - in front of your number and if it increases by a + in front of your number. NO SPACES. Do not leave any cells in this table blank. If you are unable to click into the cells on the far right of the table (ie; under "Revenue"), use the tab button to navigate from a cell you can click into. For example: If cash increases put: +1,000 if cash decreases by 1,000 Sold 10 shoes on account for $20@ per shoe. The company uses the FIFO method. The inventory the company had on hand was as follows: Beg. Invt: 15 shoes at $5; Next purchase 8 shoes at $8; Next purchase 10 shoes at $9
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