Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.

-Perez Co.paid $220,000 cash in salaries to its employees.

Question

Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.
 
-Perez Co.paid $220,000 cash in salaries to its employees.

Quizplus · Accepted Answer

The Answer of Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.
 
-Perez Co.paid $220,000 cash in salaries to its employees.

Indicate How Each Event Affects the Elements of Financial Statements