Instruction: Indicate the following sign in the appropriate column: (+) for increases, (-) for decreases, and...

 

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Instruction: Indicate the following sign in the appropriate column: (+) for increases, (-) for decreases, and (+/-) for both increase and decrease. 1. Cash payment by the owner (investment) 2. Payment for taxes and licenses expense 3. Repair and maintenance of office 4. payment of rent expense 5. Purchase of office supplies on account 6. Purchase of office supplies for cash 7. Payment of accounts payable 8. Provide services for cash 9. Purchase of equipment and furniture for cash 10. Purchase of equipment and furniture giving a 30 day promissory note 11. Payment of salaries of employees 12. Personal transaction like withdrawal of the owner 13. Provide services on account 14. Provide services for cash 15. Collection of account from a customer 16. Payment of utility bills 17. Provide services receiving a 30 day promissory note 18. Payment for other expenses 19. Bought supplies paying 50% on cash, and the remaining on account. 20. Rendered service receiving partial payment on cash and the remaining on account. Assets Liabilities Owner's Equity Instruction: Indicate the following sign in the appropriate column: (+) for increases, (-) for decreases, and (+/-) for both increase and decrease. 1. Cash payment by the owner (investment) 2. Payment for taxes and licenses expense 3. Repair and maintenance of office 4. payment of rent expense 5. Purchase of office supplies on account 6. Purchase of office supplies for cash 7. Payment of accounts payable 8. Provide services for cash 9. Purchase of equipment and furniture for cash 10. Purchase of equipment and furniture giving a 30 day promissory note 11. Payment of salaries of employees 12. Personal transaction like withdrawal of the owner 13. Provide services on account 14. Provide services for cash 15. Collection of account from a customer 16. Payment of utility bills 17. Provide services receiving a 30 day promissory note 18. Payment for other expenses 19. Bought supplies paying 50% on cash, and the remaining on account. 20. Rendered service receiving partial payment on cash and the remaining on account. Assets Liabilities Owner's Equity

Answer rating: 100% (QA)

Assets Cash payment by the owner investment Payment for taxes and licenses expense Repair and mainte... View the full answer