Essay
There are ten transactions listed below. Match the transactions that have the identical effect on the accounting equation. You should end up with 5 matches.
a. Receive cash from customers on account.
b. Initial cash contribution by an owner.
c. Pay cash to reduce an accounts payable.
d. Purchase supplies for cash.
e. Pay cash to reduce a notes payable.
f. Purchase supplies on account.
g. Additional cash contribution by an owner.
h. Purchase equipment with a note payable.
i. Pay utilities with cash.
j. Owner withdraws money from the business for personal use.
Correct Answer:

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Match #1 = a, d
#2 =...View Answer
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Correct Answer:
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#2 =...
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