Question: Indicate the effects (1) increase, (2) decrease, O) no effect on the accounting equation from the following transactions: a. Owner invested cash in the business.
Indicate the effects (1) increase, (2) decrease, O) no effect on the accounting equation from the following transactions: a. Owner invested cash in the business. b. Performed services for cash. c. Purchased equipment by signing a note payable. d. Customers paid in advance for services to be performed. e. Purchased a two-year insurance policy. f. Paid employees for the period's work. g. Purchased supplies on account. h. Performed services referred to in part d. i. Paid note from part c in full, plus interest . Recorded depreciation adjustment. Make this type of schedule in your note book and upload the picture on the given link and show the effect of each transaction Asset Liability owners Equity a b C d + e f + + + h + 1
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