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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 Payment for common stock by stockholder Increase assets, increase stockholders' equity Borrowed money from a bank Increase assets, increase liabilities Purchased equipment for cash Decrease assets, decrease liabilities Received cash for providing services to customers No effect Used up supplies that were already on hand Decrease assets, decrease stockholders' equity
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