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


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Related Book For answer-question

Accounting Principles

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

ISBN: 978-0470533475