Clint M. Invests $30,000 into Merle Company. The effect to Liabilities would be: (Type your numeric answer) Clint M. Invests $30,000 into Merle Company. The effect to Equity would be. (Type your numeric answer) Merle Company purchased a piece of equipment for $5,000 on account. The effect to Assets would be: (Type your numeric answer) Merle Company purchases a equipment for $5,000 on account. The effect to liabilities would be: (Type your numeric answer) Merle Company purchases a piece of equipment for $5,000 on account. The effect to Equity would be: (Type your numeric answer) Merle Company pays $1,000 for this month’s rent in cash. The effect to Assets would be: (Type your numeric answer) Merle Company pays $1,000 for this month’s rent in cash. The effect to Liabilities would be: (Type your numeric answer) Merle Company pays $1,000 for this month’s rent in cash. The effect to Equity would be: (Type your numeric answer) Merle Company earns $9,000 from services preformed. The effect to Assets would be: (Type your numeric answer) Merle Company earns $9,000 from services preformed. The effect to Liabilities would be: (Type your numeric answer) Merle Company earns $9,000 from services preformed. The effect to Equity would be: (Type your numeric answer)

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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Hey I need help with this accounting homework please no explanation or answers from online just follow the instructions which says put in the number which means I need to put in the correct numbers in as my answers. Please, thank you! Clint M. Invests $30,000 into Merle Company. The effect to Liabilities would be: (Type your numeric answer) Clint M. Invests $30,000 into Merle Company. The effect to Equity would be. (Type your numeric answer) Merle Company purchased a piece of equipment for $5,000 on account. The effect to Assets would be: (Type your numeric answer) Merle Company purchases a equipment for $5,000 on account. The effect to liabilities would be: (Type your numeric answer) Merle Company purchases a piece of equipment for $5,000 on account. The effect to Equity would be: (Type your numeric answer) Merle Company pays $1,000 for this month’s rent in cash. The effect to Assets would be: (Type your numeric answer) Merle Company pays $1,000 for this month’s rent in cash. The effect to Liabilities would be: (Type your numeric answer) Merle Company pays $1,000 for this month’s rent in cash. The effect to Equity would be: (Type your numeric answer) Merle Company earns $9,000 from services preformed. The effect to Assets would be: (Type your numeric answer) Merle Company earns $9,000 from services preformed. The effect to Liabilities would be: (Type your numeric answer) Merle Company earns $9,000 from services preformed. The effect to Equity would be: (Type your numeric answer)

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