For each of the below transactions, indicate the two (or more) effects on the accounting equation...

 

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For each of the below transactions, indicate the two (or more) effects on the accounting equation for the ABC Co. (1-Current Assets, 2-Fixed Assets, 3-Current Liabilities, 4-Long Term Liabilities, 5-Shareholders' Equity) a) The owner invests 1,000,000 TL in cash in the business from his personal account. b) The company receives 150.000 TL cash from a bank loan. c) The company purchases office supplies worth of 100,000 TL on credit d) The company purchases software that costs 1,000 TL with its cash. e) The company repays the bank that had lent 150,000 TL to the company. f) The company purchases 2,000,000 TL worth of land by paying half in cash and signing a note payable for the other half. Transaction a) Purchase of Computers Amount 30,000 Debit 2) Fixed Assets Credit 3) Short term liabilities For each of the below transactions, indicate the two (or more) effects on the accounting equation for the ABC Co. (1-Current Assets, 2-Fixed Assets, 3-Current Liabilities, 4-Long Term Liabilities, 5-Shareholders' Equity) a) The owner invests 1,000,000 TL in cash in the business from his personal account. b) The company receives 150.000 TL cash from a bank loan. c) The company purchases office supplies worth of 100,000 TL on credit d) The company purchases software that costs 1,000 TL with its cash. e) The company repays the bank that had lent 150,000 TL to the company. f) The company purchases 2,000,000 TL worth of land by paying half in cash and signing a note payable for the other half. Transaction a) Purchase of Computers Amount 30,000 Debit 2) Fixed Assets Credit 3) Short term liabilities

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Indicating the effects on the accounting equation as follows Transa... View the full answer