Question

Each of the balance sheet changes below and on p. 94 is associated with a particular transaction:
a. Equipment increases by $5,000 and cash decreases by $5,000.
b. Cash increases by $4,100 and stockholders’ equity increases by $4,100.
c. Supplies increases by $400 and accounts payable increases by $400.
d. Supplies decreases by $250 and stockholders’ equity decreases by $250.
Required:
Describe each transaction listed above.


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  • CreatedSeptember 22, 2015
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