- / 30 : Using the above table, indicate the effects of each of these events on the accounting equation. If an event is

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30 Using The Above Table Indicate The Effects Of Each Of These Events On The Accounting Equation If An Event Is 1 (223.94 KiB) Viewed 118 times

30 Using The Above Table Indicate The Effects Of Each Of These Events On The Accounting Equation If An Event Is 2 (223.94 KiB) Viewed 118 times

30 Using The Above Table Indicate The Effects Of Each Of These Events On The Accounting Equation If An Event Is 3 (186.71 KiB) Viewed 118 times

30 Using The Above Table Indicate The Effects Of Each Of These Events On The Accounting Equation If An Event Is 4 (223.26 KiB) Viewed 118 times

30 Using The Above Table Indicate The Effects Of Each Of These Events On The Accounting Equation If An Event Is 5 (223.26 KiB) Viewed 118 times

30 Using The Above Table Indicate The Effects Of Each Of These Events On The Accounting Equation If An Event Is 6 (223.26 KiB) Viewed 118 times

30 Using The Above Table Indicate The Effects Of Each Of These Events On The Accounting Equation If An Event Is 7 (223.26 KiB) Viewed 118 times

- / 30 : Using the above table, indicate the effects of each of these events on the accounting equation. If an event is not a business transaction, if an element is not affected, enter No Effect. If an element has both an increase and a decrease, select Increase and Decrease. or Event Asset Liability Owner's Equity 1. 2. > 3. < > 4. 5. > < 6. < > 7. < < .

1. After shopping around, Bramble found an office to lease and signed a lease agreement. The lease calls for a payment of $928 rent per month 2. Bramble borrowed $3,712 from his grandmother so that he could buy some office furniture for his new office. 3. Bramble deposited the $3,712 plus $464 of his own cash in a new bank account at BMO under the name Petronick Accounting Services. 4. Paid the landlord the first month's rent. 5. Purchased office furniture for $3,064 on account. 6. Moved into the office and obtained the first assignment from a client to prepare year-end financial statements for $1,856. 7. Performed the work on the assignment and sent an invoice to the customer for $1,856. 8. Paid half of the amount of the purchase of office furniture. 9. Purchased office supplies on account for $280. 10. Paid $48 cash for Internet services. 11. Collected half of the amount owing from the customer referred to in #7. 12. Bramble withdrew cash from the business of $136 for personal expenses.
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