Selected Transactions for Mountain Goats Tree Service Are Listed Below

question 172

Essay

Selected transactions for Mountain Goats Tree Service are listed below.
1. Made cash investment to start business.
2. Paid for monthly advertising.
3. Purchased supplies on account.
4. Billed customers for services performed.
5. Withdrew cash for owner's personal use.
6. Received cash from customers billed in (4).
7. Incurred utilities expense on account.
8. Purchased additional supplies for cash.
9. Received cash from customers when service was performed.
Instructions
List the numbers of the above transactions and describe the effect of each transaction on assets
liabilities and owner's equity. For example the first answer is: (1) Increase in assets and increase in owner's equity.

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Definitions:

Electromagnetic Energy

Electromagnetic energy is a form of energy that is propagated through space or matter, comprising both electric and magnetic wave components.

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Point Bar

A depositional feature made of sand and gravel that forms on the inside bend of streams and rivers.