1. bought equipment on account 2. paid monthly utilities 3. Purchased Supplies cash 4. Invested additional cash to the business 5. Charged costumers for services provided on account. 6. withrew cash for peraonal use 7. Acquured Furniture paying 50% dpwn the balance due in 30 days. 8. Performed Services 9. Collected Payments from credit clients 10. Loaned from the bank 11. Paid suppliers on account 12. Billed by Creditors 13. Paid salaries 14. Earned Revenues for performance services 15. Paid monthly rent.
1. bought equipment on account 2. paid monthly utilities 3. Purchased Supplies cash 4. Invested additional cash to the business 5. Charged costumers for services provided on account. 6. withrew cash for peraonal use 7. Acquured Furniture paying 50% dpwn the balance due in 30 days. 8. Performed Services 9. Collected Payments from credit clients 10. Loaned from the bank 11. Paid suppliers on account 12. Billed by Creditors 13. Paid salaries 14. Earned Revenues for performance services 15. Paid monthly rent.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. bought equipment on account
2. paid monthly utilities
3. Purchased Supplies cash
4. Invested additional cash to the business
5. Charged costumers for services provided on account.
6. withrew cash for peraonal use
7. Acquured Furniture paying 50% dpwn the balance due in 30 days.
8. Performed Services
9. Collected Payments from credit clients
10. Loaned from the bank
11. Paid suppliers on account
12. Billed by Creditors
13. Paid salaries
14. Earned Revenues for performance services
15. Paid monthly rent.
Transcribed Image Text:amentals of Accountancy, Business and Management 1: 2021 Edition
DMMCIHS use only
Activity 4-2 Accounting Equation
Indicate for each transaction whether the assets (A), liabilities (L) or owner's equity (OE)
increased (+), decreased (-) or did not change (0) by placing the appropriate sign in the
appropriate column. If more than 1 asset or liability had been affected, indicate both effects.
Transaction
A
OE
1.
Bought equipment on account
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