Activity 4: Directions: For each transaction, tell whether the assets, liabilities, anco equity will increase (+), decrease (-), or are not affected (ne). Write your answer in your activity notebook. A 1. The owner invest equipment in the business. 2. The company receives cash from a bank loan. 3. The company repays the bank loan. 4. The company purchases furniture on cash basis. 5. The company purchase land on account. 6. The company sales on account. 7. The company pays electric bill on cash 8. The company purchase supplies on account. 9. The company repays the supplies. 10. The owner withdraw cash for personal use. 2022.02.18 11:35

Activity 4: Directions: For each transaction, tell whether the assets, liabilities, anco equity will increase (+), decrease (-), or are not affected (ne). Write your answer in your activity notebook. A 1. The owner invest equipment in the business. 2. The company receives cash from a bank loan. 3. The company repays the bank loan. 4. The company purchases furniture on cash basis. 5. The company purchase land on account. 6. The company sales on account. 7. The company pays electric bill on cash 8. The company purchase supplies on account. 9. The company repays the supplies. 10. The owner withdraw cash for personal use. 2022.02.18 11:35

Name: Grade/Section:Activity 4:Directions: For each transaction, tell wheth
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Description: Grade/Section:Activity 4:Directions: For each transaction, tell whether the assets, liabilities, andequity will increase (+), decrease (-), or are not affected (ne). Write youranswer in your activity notebook.AL.1. The owner invest equipment in the

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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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

Topic Video

Question

Grade/Section:
Activity 4:
Directions: For each transaction, tell whether the assets, liabilities, and
equity will increase (+), decrease (-), or are not affected (ne). Write your
answer in your activity notebook.
A
L.
1. The owner invest equipment in the business.
2. The company receives cash from a bank loan.
3. The company repays the bank loan.
4. The company purchases furniture on cash basis.
5. The company purchase land on account.
6. The company sales on account.
7. The company pays electric bill on cash
8. The company purchase supplies on account.
9. The company repays the supplies.
10. The owner withdraw cash for personal use.
PARENTS/GUARDIAN SIGNITURE OVER PRINTED NAME
SDCB Q3_FABM11 LAS2_Wk2-
2022.02.18 11:35

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