State the effect of each of the following business transactions for Walshe Enterprises. For example, in (a)

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State the effect of each of the following business transactions for Walshe Enterprises. For example, in (a) increase cash and increase capital.
a. K. Walshe commenced business by injecting cash into her business.
b. Paid wages.
c. Sold goods on credit.
d. Purchased goods for sale on credit.
e. Received an invoice for insurance on building and paid the account.
f. K. Walshe withdrew an iPad from the business.
g. Sold inventory for cash.
h. J. Dalton (debtor) paid amount outstanding.
i. Walshe Enterprises paid creditor in full.
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Accounting Business Reporting For Decision Making

ISBN: 9780730302414

4th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver

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