For Each of the Following Indicate Whether the Transaction Increased

question 12

Essay

For each of the following indicate whether the transaction increased (+) decreased (-) or had no effect (NE) on assets liabilities and owner's equity using the following format.
Assets = Liabilities + Owner's Equity
1. Made an investment to start the business.
2. Billed customers for services performed.
3. Purchased equipment on account.
4. Withdrew cash for personal use.
5. Paid for equipment purchased in 3. above.

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Definitions:

Orders Passively

The act of accepting instructions or commands without question or resistance.

Company's Growth

The increase in size, revenue, or market share of a business.

Team Member

An individual who belongs to a group working together to achieve common goals or objectives.

Leadership Irrelevance

The theory or situation where leadership has little or no impact on the outcomes or performance of an organization.