The following table shows the effects of five transactions (a through e) on the assets, liabilities, and
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Assets = Liabilities Equity Cash + Accounts Office + Lad Accounts Vera, Revenues Payables + Receivable Supplies + $1,500 + $ 9,500 $ 0 + $21,500 + $ Capital $ 10,500 0 a.2,000 b. +2,000 +500 +500 C. +950 +950 d500 -500 e. + 950-950 $ 8.950 $0 + $2,000 + $11,500 $ 0 + $21,500 + $950
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a Purchased land for 2000 cash b Purchased 500 of offic...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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