DebitCreditClark Logan made cash investment in hisbusiness.1CashLogan, CapitalOffice EquipmentAn office equipment was bought oncredit.The obligation in number 2 was paid tothe creditor.4 An equipment was bought on cash basis.2Accounts Payable35 The owner withdrew cash from thebusiness.6 Paid rent for the month.7 Collected cash for car repair service.8 Paid electricity consumed by the business.9 Paid taxes for municipal permit.10 Rendered car repair service. The customermade a promise to pay.

Name: DebitCreditClark Logan made cash investment in hisbusiness.1CashLogan
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Description: DebitCreditClark Logan made cash investment in hisbusiness.1CashLogan, CapitalOffice EquipmentAn office equipment was bought oncredit.The obligation in number 2 was paid tothe creditor.4 An equipment was bought on cash basis.2Accounts Payable35 The

Sno Transaction Debit Credit 1 Clark logan made cash investment in his business Cash Logan,…

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Debit Credit Logan, Capital Clark Logan made cash investment in his business. 2 An office equipment was bought on credit. 3 The obligation in number 2 was paid to the creditor. 4 An equipment was bought on cash basis. 1 Cash Office Equipment Accounts Payable The owner withdrew cash from the business. 6 Paid rent for the month. 5 7 Collected cash for car repair service. 8 Paid electricity consumed by the business. 8 9 Paid taxes for municipal permit. 10 Rendered car repair service. The customer ade: oromise 2.

Debit Credit Logan, Capital Clark Logan made cash investment in his business. 2 An office equipment was bought on credit. 3 The obligation in number 2 was paid to the creditor. 4 An equipment was bought on cash basis. 1 Cash Office Equipment Accounts Payable The owner withdrew cash from the business. 6 Paid rent for the month. 5 7 Collected cash for car repair service. 8 Paid electricity consumed by the business. 8 9 Paid taxes for municipal permit. 10 Rendered car repair service. The customer ade: oromise 2.

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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