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Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each transaction with
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each transaction with its effect on the accounting equation. Each letter may be used more than once. Clear All Received cash for services provided No effect Received utility bill to be paid next month Decrease assets, decrease liabilities Contribution of land by stockholder Increase liabilities, decrease stockholders' equity Paid part of an amount owed to a creditor Increase assets, increase stockholders' equity Paid cash for the purchase of supplies Decrease assets, decrease stockholders' equity
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