List 2 impacts the following transactions would have on the accounting equation: Assets = Liabilities + Equity. Impact 1 Impact 2 a. received cash from issuance of common stock. b. sold goods to customers on account. c. collected cash from customer sales made in previous month. d. paid cash to vendors for supplies delivered last month. e. purchased inventory on account.
List 2 impacts the following transactions would have on the accounting equation: Assets = Liabilities + Equity. Impact 1 Impact 2 a. received cash from issuance of common stock. b. sold goods to customers on account. c. collected cash from customer sales made in previous month. d. paid cash to vendors for supplies delivered last month. e. purchased inventory on account.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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List 2 impacts the following transactions would have on the
Impact 1 Impact 2
a. received cash from issuance of common stock.
b. sold goods to customers on account.
c. collected cash from customer sales made in previous month.
d. paid cash to vendors for supplies delivered last month.
e. purchased inventory on account.
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