Question: Match the following basic transaction analysis with the best description of the economic event. 1. Cash increased by $9,000 and the owner's equity account, M.
Match the following basic transaction analysis with the best description of the economic event. 1. Cash increased by $9,000 and the owner's equity account, M. Vijayakumar, Capital, is increased by $9,000. 2. Cash is decreased by $6,000 and the asset account Prepaid Rent is increased. 3. Supplies is increased by $1,000 and the liability account Accounts Payable is increased by $1,000. 4. Accounts receivable is increased by $900 and the revenue account Service Revenue is increased by $900. Description Transaction Analysis (a) Cash paid in advance for rent. 2 V (b) Owner invests cash in the business. 1 > (c) Supplies are purchased on account. (d) Company provides service on account
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