Jump to Another QuestionThe next four slides will allow you to demonstrateyour understanding of tabular analysis ofaccounting transactions.For each transaction given below, click to selectthe proper place on the sheet.CashAssets(1)(2) +$20,000(3)(4)-S 3,600The company provided $20,000 of services forcustomers, on credit.= Liabilities +AccountsAccountsOwner's+ Receivable = Payable + Capital-$20,000+$2,300-Owner's EquityOwner'sDrawings +Revenues Expenses+$20,000-$3,600-$2,300SUBMIT

Accounting equation : It is the demonstration of asset, liability, capital, revenue and expense.

to Another Question The next four slides will allow you to demonstrate your understanding of tabular analysis of accounting transactions. For each transaction given below, click to select the proper place on the sheet. Cash Assets (1) 2) +$20,000 4)-$ 3,600 The company provided $20,000 of services for customers, on credit. = Liabilities + Accounts Payable + Accounts +Receivable = -$20,000 +$2,300 Owner's Capital - Owner's Equity Owner's Drawings -$3,600 +Revenues Expenses +$20,000 - -$2,300

to Another Question The next four slides will allow you to demonstrate your understanding of tabular analysis of accounting transactions. For each transaction given below, click to select the proper place on the sheet. Cash Assets (1) 2) +$20,000 4)-$ 3,600 The company provided $20,000 of services for customers, on credit. = Liabilities + Accounts Payable + Accounts +Receivable = -$20,000 +$2,300 Owner's Capital - Owner's Equity Owner's Drawings -$3,600 +Revenues Expenses +$20,000 - -$2,300

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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