A OE example: A Bought equipment, paying cash B Paid the monthly rent expense C Purchased supplies on credit Made an additional investment in the D company Charged customers for services E provided on account F Paid creditor on account Received payment from customers on G account Received cash for services rendered H. today Permanently reduced his investment in the business by taking out cash J Paid salaries for the week

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A
L.
OE
example:
A Bought equipment, paying cash
B Paid the monthly rent expense
C Purchased supplies on credit
Made an additional investment in the
company
Charged customers for services
provided on account
F Paid creditor on account
Received payment from customers on
G
account
Received cash for services rendered
today
Permanently reduced his investment in
the business by taking out cash
J Paid salaries for the week
Acquired equipment, paying 50% down
K
and the balance due in 30 days.
Transcribed Image Text:A L. OE example: A Bought equipment, paying cash B Paid the monthly rent expense C Purchased supplies on credit Made an additional investment in the company Charged customers for services provided on account F Paid creditor on account Received payment from customers on G account Received cash for services rendered today Permanently reduced his investment in the business by taking out cash J Paid salaries for the week Acquired equipment, paying 50% down K and the balance due in 30 days.
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