Transactions
1. sold services account to bethany center.
2. received cash from sales
3. received cash on account from bethany center
4. owner withdrew equity in the form of cash
5. paid cash for rent.
for each transactions, determine the two accounts in the accounting equation that are changed. decide whether each account is increased or decreased. enter a plus sign (+) in the column if the account is increased. enter a minus sign in the column if the account is decreased. both a plus sign (+) and a minus sign can be entered, if necessary.
assets = liabilities + owner’s equity
cash + accounts receivable-bethany center + supplies + prepaid insurance = accounts payable-mcgrew supplies + bryan arnett, capital
trans no.
1. (6 boxes that fill each word above, (cash, accounts recievable-mcgrew supplies,
2. (6 boxes that fill each word above, (cash, accounts recievable-mcgrew supplies,
3. (6 boxes that fill each word above, (cash, accounts recievable-mcgrew supplies,
4. (6 boxes that fill each word above, (cash, accounts recievable-mcgrew supplies,
5. (6 boxes that fill each word above, (cash, accounts recievable-mcgrew supplies,