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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372 Exercise 78
Determining Accounting Equation Effects of Typical Adjusting Journal Entries
Refer to E4-8.
Required:
For each of the transactions in E4-8, indicate the amount and direction of effects of the adjusting journal entry on the elements of the accounting equation. Using the following format, indicate + for increase, - for decrease, and NE for no effect. Include account names using the format shown for the following sample.
Refer to E4-8.
Required:
For each of the transactions in E4-8, indicate the amount and direction of effects of the adjusting journal entry on the elements of the accounting equation. Using the following format, indicate + for increase, - for decrease, and NE for no effect. Include account names using the format shown for the following sample.
Explanation
Verified
Verified
1.
The accounting equation represents th...
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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