Bundle > FAC2601 Assignment 1 Semester 1 2023 Questions and Answer

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FAC2601 Assignment 1 Semester 1 2023 Questions and Answer

cash purchase of office supplies - -increase one asset and decrease another asset --owner withdrew cash from the business - -decrease an asset and decrease equity --paid cash on accounts payable... - -decrease asset and decrease liability --made a cash sale for services - -increase an asset and increase equity --borrowed money from the bank - -increase an asset and increase a liability --Received $520 cash for service revenue earned. - -increased asset cash increase equity service revenue --Martin contributed $1,000 to the business in exchange for capital. - -increased asset cash increased equity Martin;capita [Show More]

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