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As the manager of Margatita Mexican Restaraunt, you must deal with business transactions. Provide an explanation for the following transactions A. debit equipment and credit cash B. debit Garcia, withdrawals and credit cash C. Debit wages payable and credit cash D. debit equipment and credit garcia, capital E. debit cash and credit unearned revenue F. debit advertising expense and credit cash G. debit cash and credit service revenue

As the manager of Margatita Mexican Restaraunt, you must deal with business transactions. Provide an explanation for the following transactions A. debit equipment and credit cash B. debit Garcia, withdrawals and credit cash C. Debit wages payable and credit cash D. debit equipment and credit garcia, capital E. debit cash and credit unearned revenue F. debit advertising expense and credit cash G. debit cash and credit service revenue

FINANCIAL ACCOUNTING
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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As the manager of Margatita Mexican Restaraunt, you must deal with business transactions. Provide an explanation for the following transactions

A. debit equipment and credit cash

B. debit Garcia, withdrawals and credit cash

C. Debit wages payable and credit cash

D. debit equipment and credit garcia, capital

E. debit cash and credit unearned revenue

F. debit advertising expense and credit cash

G. debit cash and credit service revenue

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