analyze the transaction ( incresing+), (decreasing-) assets , liability, equity: 1/received cash for services rendered 2/ purchased office equipment on credit 3/ paid employees salaries 4/ received cash from customer in payment on account 5/paid telephone bill for the month 6/ paid for office equipment purchased in transaction 2 7/ purchased office supplies on credit 8/ owner withdrew cash for personal expenses 9/ obtained a loan from the bank 10/ billed customers for services rendered
analyze the transaction ( incresing+), (decreasing-) assets , liability, equity: 1/received cash for services rendered 2/ purchased office equipment on credit 3/ paid employees salaries 4/ received cash from customer in payment on account 5/paid telephone bill for the month 6/ paid for office equipment purchased in transaction 2 7/ purchased office supplies on credit 8/ owner withdrew cash for personal expenses 9/ obtained a loan from the bank 10/ billed customers for services rendered
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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analyze the transaction ( incresing+), (decreasing-) assets , liability, equity:
1/received cash for services rendered
2/ purchased office equipment on credit
3/ paid employees salaries
4/ received cash from customer in payment on account
5/paid telephone bill for the month
6/ paid for office equipment purchased in transaction 2
7/ purchased office supplies on credit
8/ owner withdrew cash for personal expenses
9/ obtained a loan from the bank
10/ billed customers for services rendered
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