Question
The accounting equation template is shown below. In the area provided below, indicate all the sections that would be affected by this transaction, with both
The accounting equation template is shown below. In the area provided below, indicate all the sections that would be affected by this transaction, with both the amount and the sign. Use a negative sign when indicating an item in the expense column. If it is a transaction that affects both the income statement and balance sheet, you must indicate the effect on both.
Transaction #4: Dino publishers ships & delivers the books that were ordered for $2000 in transaction #2, completing their obligation to the customer. The cost of the inventory involved in the transaction is $800.
To have the answer graded correctly, enter the correct value preceded by a + or - sign (e.g. +350 or -650). For categories that are unaffected enter the value "0" NO SPACES
Cash | |
Non-cash Assets | |
= | |
Liabilities | |
Contributed Capital | |
Retained Earnings | |
---------------------- | |
Revenue | |
Expenses |
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