b) Below is the transaction in relation to Cempaka Rias Enterprise (CRE) for January 2021 Transactions...

 

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b) Below is the transaction in relation to Cempaka Rias Enterprise (CRE) for January 2021 Transactions Eg: Paid stationeries by cheque 1. 2. 3. 4. 5. Owner brought in cash into the business Owner brought in furniture into the business Purchased goods on credit from Sweety Enterprise Received a loan from ABC Bank Paid employees' wages by cheque Effects Increase expenses Decrease asset Double entry Dr Stationery Cr Bank Required: a) Identify the effects (increase/decrease) of the above transactions on assets. liabilities. owner's equity, revenues and expenses. b) Identify the double entry for the above transactions b) Below is the transaction in relation to Cempaka Rias Enterprise (CRE) for January 2021 Transactions Eg: Paid stationeries by cheque 1. 2. 3. 4. 5. Owner brought in cash into the business Owner brought in furniture into the business Purchased goods on credit from Sweety Enterprise Received a loan from ABC Bank Paid employees' wages by cheque Effects Increase expenses Decrease asset Double entry Dr Stationery Cr Bank Required: a) Identify the effects (increase/decrease) of the above transactions on assets. liabilities. owner's equity, revenues and expenses. b) Identify the double entry for the above transactions

Answer rating: 100% (QA)

a Effects on assets liabilities owners equity revenues and expenses Owner brought in cash into the ... View the full answer