Question

EA Systems entered into the following transactions during the month of August:
1. Received $6,350 for services performed during August.
2. Purchased $1,200 of supplies on account.
3. Paid employee salaries of $3,280 for the first week of August.
4. Paid $900 towards the previous purchase of supplies.
Required
Indicate whether each transaction increases, decreases, or has no effect on assets, liabilities, and equity. If a transaction affects equity, indicate whether the transaction affects revenues or expenses.


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  • CreatedJuly 16, 2015
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