Indicate how the following transactions affect the accounting equation.
(a) The purchase of supplies on account
(b) The purchase of supplies for cash
(c) A withdrawal by the owner to pay personal expenses
(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) A withdrawal by the owner to pay personal expenses
(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) A withdrawal by the owner to pay personal expenses
(d) Revenues received in cash
(e) Sale made on account

Indicate How the Following Transactions Affect the Accounting Equation