Show impact of accounting equation for the following transactions: A=L +SE

1.Paid previously declared cash dividend

2. Issued stock dividend

3. accrued interest expense

4. sold merch on account

5.Payment on A/P

6. Collected on A/R

7. Wrote off an collectible account

8 Declared a cash dividend

9 Purchased treasury stock

Answer rating: 100% (QA)

To illustrate the impact of each transaction on the accounting equation A L SE Assets Liabilities Sh... View the full answer