Effects Of Transactions Flashcards
1
Q
Received cash as additional investment
A
A+
L 0
O.E +
2
Q
Purchased supplies on account
A
A+
L+
OE 0
3
Q
Charged customers for services made on account
A
A+
L 0
OE +
4
Q
Rendered services to cash customers
A
A+
L0
OE +
5
Q
Paid cash for rent on Building
A
A-
L0
OE -
6
Q
Collected on account receivable full
A
A 0
L 0
OE 0
7
Q
Paid cash for supplies
A
A 0
L 0
OE 0
8
Q
Returned supplies on account
A
A-
L-
OE 0
9
Q
Paid cash to settle accounts
A
A-
L-
OE 0
10
Q
Paid cash to owner for personal use
A
A-
L 0
OE -
