The following equation shows the effects of a number of transactions that took place at Beck Auto Repair Company during the month of July Describe eachtransaction Assets Liabilities Owner's Equity Accounts counts Peter Beck, Cash Receivable EquipmentPayableCapital RevenueExpenses Bal $80,000 S6,000...

1 Services were performed for cash 2 Equipment was pu ...

The following equation shows the effects of a number of transactions that took place at Beck Auto

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The following equation shows the effects of a number of transactions that took place at Beck Auto Repair Company during the month of July. Describe eachtransaction.

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College Accounting A Contemporary Approach

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Authors: David Haddock, John Price, Michael Farina

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Question Posted: Aug 08, 2014 09:19 AM

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The following equation shows the effects of a number of transactions that took place at Beck Auto

Question:

Assets Liabilities + Owner's Equity Accounts counts Peter Beck, Cash + Receivable EquipmentPayableCapital RevenueExpenses Bal $80,000 S6,000 $64,00038,000$112,000 1. +10,000 2. 1,600 3. -3,800 4. 6,700 5. 1,500 1,500 6. 7. 4,100 +$10,000 +7,600 -3,800 +$6,700 +12,000 +12,000 +4,100

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