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Then use additions and subtractions to show the effects of the transactions a.
g. Increases an asset and increases a liability
Decreases a liability and increases a liability
Decreases an asset and decreases a liability
Increases an asset and decreases an asset
Increases a liability and decreases equity
Increases an asset and increases equity
Decreases an asset and decreases equity on individual items of the accounting equation. Show new balances after each
transaction. CHAPTER 2 – ANALYSING TRANSACTIONS CHAPTER 2 – ANALYSING
The following is a list of accounts and identification letters A through J for
Shannon Management Co.:
c. Shannon, Capital
e. Shanoon, Withdrawals
Fees Earned f
g Prepaid Rent
Advertising Expense h
j. Unearned Revenue
Notes Receivable Use the form below to
identify the type of account
and its normal balance. The
first item is filled in as an
example. CHAPTER 2 – ANALYSING
Josephine's Bakery had the following assets and liabilities at the beginning and
end of t...
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This document was uploaded on 03/26/2014.
- Spring '14