Question: 7 Complete with Asset Liability or Equity AND Increase or Decrease 4 answers per line Debit then Credit A, L, or Eq Incr. or Decr

7 Complete with Asset Liability or Equity AND Increase or Decrease 4 answers per line Debit then Credit A, L, or Eq Incr. or Decr AND A, L, or Eq Incr. or Decr 7-1 Invest $40K cash to start business 7-2 Place advertisement in Google; pay cash 7-3 Buy GOODS TO SELL IN THE Future for cash Record rent as a debt[WILL PAY LATER] for 7-4 the past month 7-5 pay a dividend from profit to the owners/STOCKHOLDERS Acct.is Acct.is T Debit side of entry Credit side of entry

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