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College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958 Exercise 23
Describe the effects of each of the following business transactions on assets, liabilities, and owner's equity.
a. Sold services on credit.
b. Bought furniture for cash.
c. Paid cash to a creditor.
d. Sold services for cash.
e. Paid salaries to employees.
f. Bought equipment on credit.
a. Sold services on credit.
b. Bought furniture for cash.
c. Paid cash to a creditor.
d. Sold services for cash.
e. Paid salaries to employees.
f. Bought equipment on credit.
Explanation
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Analyzing the effect of each of the tran...
College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
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