Which of the following transactions would have no effect on total assets, total liabilities, or owner's equity?
Fantastic news! We've Found the answer you've been seeking!
Question:
Which of the following transactions would have no effect on total assets, total liabilities, or owner's equity?
a. Paying a vendor on account
b. Borrowing cash and issuing a note payable
c. Purchasing office equipment on account
d. Purchasing office supplies for cash
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date: