Question: 16. Indicate how the following business transactions affect the basic accounting equation. a. Paid cash for janitorial services. b. Purchased equipment for cash. c. Invested

16. Indicate how the following business transactions affect the basic accounting equation. a. Paid cash for janitorial services. b. Purchased equipment for cash. c. Invested cash in the business for stock. d. Paid accounts payable in full. 17. Listed below are some items found in the financial statements of Jonas Co. Indicate in which financial statement(s) the following items would appear. a. Service revenue. b. Equipment c. Advertising expense. d. Accounts receivable. e. Retained earnings. f. Salaries and wages payable

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