Question
The following table shows the effects of transactions 1 through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match each transaction with
The following table shows the effects of transactions 1 through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match each transaction with its probable description. Assets Accounts Cash + Receivable + Supplies + Land $ 23,000 + $ 0 + $ 3,200 + $ 20,000 = = Liabilities Accounts Payable $ 0 Equity Common + Stock + Revenues + $ 46,200 + $ 0 62345 1. -4,200 + 4,200 2. 1,020 +1,020 3. + 2,000 2,000 4. -1,020 -1,020 5. +2,000 2,000 $ 19,780 + $ 0 + $ 4,220 + $ 24,200 = $ 0 + $ 46,200 + $ 2,000 Transaction 1. 2. 3. 4. 5. Description
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Financial And Managerial Accounting
Authors: John J. Wild
9th Edition
1260728773, 9781260728774
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