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Analyze the Following Transactions

Question 127

Essay

Analyze the following transactions.Indicate which accounts are affected and whether they will increase or decrease.Transaction (a)is completed as an example.
a.Owner investment of cash into the business.
b.Payment of a utility bill.
c.Purchase of inventory for cash.
d.Payment of an accounts payable.
e.Performing a service on account.
f.Collecting cash from a customer as payment on his account.
Analyze the following transactions.Indicate which accounts are affected and whether they will increase or decrease.Transaction (a)is completed as an example. a.Owner investment of cash into the business. b.Payment of a utility bill. c.Purchase of inventory for cash. d.Payment of an accounts payable. e.Performing a service on account. f.Collecting cash from a customer as payment on his account.

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