Indicate how the following transactions affect the accounting equation.

(a) The purchase of supplies on account
(b) The purchase of supplies for cash
(c) Payment of cash dividends to stockholders
(d) Revenues received in cash
(e) Sale made on account

Question

Indicate how the following transactions affect the accounting equation.
​
(a) The purchase of supplies on account
(b) The purchase of supplies for cash
(c) Payment of cash dividends to stockholders
(d) Revenues received in cash
(e) Sale made on account

Quizplus · Accepted Answer

The Answer of Indicate how the following transactions affect the accounting equation.
​
(a) The purchase of supplies on account
(b) The purchase of supplies for cash
(c) Payment of cash dividends to stockholders
(d) Revenues received in cash
(e) Sale made on account

Indicate How the Following Transactions Affect the Accounting Equation