Analyze the Following Transactions as to Their Effect on the Accounting

question 200

Essay

Analyze the following transactions as to their effect on the accounting equation.
(a)The company paid $725 to a vendor for supplies purchased previously on account.
(b)The company performed $850 of services and billed the customer.
(c)The company received a utility bill for $395 and will pay it next month.
(d)The owner of the company withdrew $145 of supplies for personal use.
(e)The company paid $315 in salaries to its employees.
(f)The company collected $730 of cash from its customers on account.​Some of the possible effects of a transaction on the accounting equation are listed below​ Put the appropriate letter next to each transaction.

---

Definitions:

Lateral Epicondyle

A bony prominence on the outside of the elbow where some of the forearm muscles attach.

Linea Aspera

A prominent ridge on the posterior surface of the femur for muscle attachment.

Convex Smooth

Describes a surface that curves outward and is without irregularities, often related to lens shapes or geometric figures.

Articular Surface

The region of a bone that comes into contact with another bone to form a joint, allowing for various ranges of movement.