Please help with these questions 1. Provide the names of 2 asset accounts and indicate the increase side, debit or credit.2. Provide the names of 2 liability accounts and indicate the increase side, debit or credit.3. Provide the names of 2 equity accounts and indicate the increase side, debit or credit.4. Where do Revenue and Expense accounts affect the Accounting Equation: A = L+E?5. What's one of the most difficult parts of this chapter? Help your classmates with their #5 difficult part if possible. Many times my students come up with great explanations!Remember respond to 3-4 of your classmates' posts and remain professional at all times in your posts, following the proper internet etiquette. Here's a Discussion Post Example Also refer to the cCanvas and Viewing Instructor Comments in Canvas.)Search entries or author2ReplyReplies are only visible to those who have posted at least one reply.PreviousWSX#3EUnreadDC$4DRFG Search or type URL%5VTMacBook ProG6Y&7HU*8J19KBN M

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Description: Please help with these questions 1. Provide the names of 2 asset accounts and indicate the increase side, debit or credit.2. Provide the names of 2 liability accounts and indicate the increase side, debit or credit.3. Provide the names of 2 equity ac

Answered: 1. Provide the names of 2 asset…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please help with these questions

1. Provide the names of 2 asset accounts and indicate the increase side, debit or credit.
2. Provide the names of 2 liability accounts and indicate the increase side, debit or credit.
3. Provide the names of 2 equity accounts and indicate the increase side, debit or credit.
4. Where do Revenue and Expense accounts affect the Accounting Equation: A = L+E?
5. What's one of the most difficult parts of this chapter? Help your classmates with their #5 difficult part if possible. Many times my students come up with great explanations!
Remember respond to 3-4 of your classmates' posts and remain professional at all times in your posts, following the proper internet etiquette. Here's a Discussion Post Example Also refer to the c
Canvas and Viewing Instructor Comments in Canvas.)
Search entries or author
2
Reply
Replies are only visible to those who have posted at least one reply.
Previous
W
S
X
#3
E
Unread
D
C
$
4
D
R
F
G Search or type URL
%
5
V
T
MacBook Pro
G
6
Y
&
7
H
U
*
8
J
1
9
K
BN M

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Introduction:

Assets are recorded in the Balance Sheet.

Balance sheet is the financial statement that records all the assets, liabilities and equity held by the company. Balance sheet is also known as statement of financial position.

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