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Small Business has analysed the following transactions: Assets Liabilities Owner's Equity Accounts Transaction Cash Supplies Invenotry GST Paid receivable Accounts GST payable Collected Loan Capital
Small Business has analysed the following transactions: Assets Liabilities Owner's Equity Accounts Transaction Cash Supplies Invenotry GST Paid receivable Accounts GST payable Collected Loan Capital Revenue Expenses 1 $ 400 -S 400 2-$ 500 -$ 500 3 $ 715 $ 65.00 $ 650 What is a likely explanation for transaction 3? O a. The business has sold $650 worth of goods/services plus GST for cash. O b. The owner has contributed money to the business. Oc. The business has paid a supplier. O d. The business has invoiced a customer for work done. O e. The business has purchased supplies for cash
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