Analyze each of the following cash transactions and show the effect of each transaction on the accounting equation by writing the dollar amounts and account titles in the appropriate columns.If amount is negative put the amount in "()" or put a "-" in front of the amount.
Definitions:
Cash Receipts
The collection of money, including coins, notes, electronic payments, etc., by a business from its customers or other transactions.
Invoice Cost
The initial price listed on an invoice for purchased goods or services, not including any additional fees or discounts.
Zero-based Budgeting
A budgeting method where all expenses must be justified for each new period, starting from a "zero base," without assuming that past budget allocations remain valid.
Budgeting System
A systematic approach to creating a financial plan that forecasts income and expenditures over a certain period.
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