COLLEGE ACCOUNTING LOOSE-LEAF + CONNECT
COLLEGE ACCOUNTING LOOSE-LEAF + CONNECT
16th Edition
ISBN: 9781265167943
Author: Haddock
Publisher: MCG
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Chapter 2, Problem 5DQ

Describe the effects of each of the following business transactions on assets, liabilities, and owner’s equity.

  1. a. Bought equipment on credit.
  2. b. Paid salaries to employees.
  3. c. Sold services for cash.
  4. d. Paid cash to a creditor.
  5. e. Bought furniture for cash.
  6. f. Sold services on credit.
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