Direction: For each transaction, tell whether the owner's equity account will increase
(I); decrease (-); or NO effect (NE). Use a separate sheet of paper for your answer.
1. The owner invests personal cash in the business.
2. Owner withdraws cash for personal use.
3. Owner contribute her personal computer equipment
to the business,
4. Cash purchase of new table & chairs for business use.
5. Business owner withdraw business assets for personal use.
6. Owner give additional cash investment in the business.
7. Purchased computer equipment on credit
8. Paid rent in advance for 2 months.
9. Purchased office supplies on credit.
10. Additional cash investment in the business
(I); decrease (-); or NO effect (NE). Use a separate sheet of paper for your answer.
1. The owner invests personal cash in the business.
2. Owner withdraws cash for personal use.
3. Owner contribute her personal computer equipment
to the business,
4. Cash purchase of new table & chairs for business use.
5. Business owner withdraw business assets for personal use.
6. Owner give additional cash investment in the business.
7. Purchased computer equipment on credit
8. Paid rent in advance for 2 months.
9. Purchased office supplies on credit.
10. Additional cash investment in the business
Add an Answer
More Questions From This User See All
Answers & Comments
Answer:
NE
NE
NE
NO
NO
NE
NO
NE
NO
NE
Explanation:
YOU CAN DO IT AGAIN AND YOU CAN COME BACK WITH A STORY ENTITLED FOR A SAMPLE RESEARCH ALIGNED OR SOMETHING ELSE THAT YOU CAN HELP WITH AND YOU CAN GET IT TO WORK WELL YOU HAVE TO HELP MINIMIZE THE BEST POSSIBLE OUTCOME OF THE FOLLOWING IS THE