Question: ng (Chapter 2 style): For each transaction, choose option that best describes the effects this ave on the accounting equation. Indicate your choice by writing
ng (Chapter 2 style): For each transaction, choose option that best describes the effects this ave on the accounting equation. Indicate your choice by writing the letter in the Matchi transaction would h space provided. (1 point each) 17 use Owner withdrew cash for personal A Increase Supplies 18 19. 20. Purchased supplies for cash. Paid off a debt. Purchased supplies. Payment is due Increase Accounts Payable B Decrease Cash; Increase Expenses C Increase Cash; Increase Revenue D Increase Cash; Decrease Accounts Payable Increase Cash; Increase J. Doe, Capital Decrease Cash; Decrease J. Doe, Capital in 45 days. 21. Performed services on credit Returned supplies for a cash refund. Performed services for cash E F G 22. 23. Increase Accounts Receivable; Increase Revenue 24. Paid employee's salaries H Decrease Cash; Increase Supplies 25.Joe Doe, the owner, invested cash in Increase Cash; Decrease Supplies the business This could never happen. J Decrease Cash; Decrease Accounts 26 Payable h at boct describes the effects
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