Presented below are three transactions. Mark each transaction as affecting owners investment (I), owners drawings (D), revenue (R), expense (E), or not affecting owners equity (NOE)._______(a) Received cash for services performed_______(b) Paid cash to purchase equipment_______(c) Paid employee salaries
Chapter 1, Brief Exercises #9
Presented below are three transactions. Mark each transaction as affecting owner’s investment (I), owner’s drawings (D), revenue (R), expense (E), or not affecting owner’s equity (NOE).
_______(a) Received cash for services performed
_______(b) Paid cash to purchase equipment
_______(c) Paid employee salaries
_______(a) Received cash for services performed
_______(b) Paid cash to purchase equipment
_______(c) Paid employee salaries
This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!
Related Book For 
Accounting Principles
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
ISBN: 978-0470533475