Lesson 4 - Transactions and the Accounting Equation Lesson

9 Slides • 2 Questions

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Open Ended

The owner invests $5,000 in cash in the business.

Which accounts are changing?

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Open Ended

If you buy $1,000 of supplies from Staples and you agree to pay the bill within 30 days, what happens to the accounting equation?

Type response here

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