Question

4:24 PM v2.cengagenow.com Cengage Cengag : Career Dev Wo Turkey Slid… boardingpa… Flying Club… Black for R. Analyze the effect of the following transactions on the accounting equation. 5 to a vendor for supplies purchased previously on account. a. The company paid $72 b. The company performed $850 of services and billed the customer. y received a utility bill for $395 and will pay it next month. d. The company paid dividends of $145 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 1. Assets, Dr.; Assets, Cr 2. Assets, Dr.; Liabilities, Cr 3. Assets, Dr.; Revenues, Cr 4. Liabilities, Dr.; Assets, Cr 5. Dividends, Dr.; Assets, Cr. 6. Expenses, Dr.; Assets, Cr 7. Expenses, Dr.; Liabilities, Cr Select the appropriate number next to each transaction below 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 company paid dividends of $145. ·The company paid $315 in salaries to its employees. t. The company collected $730 of cash from its customers on account. @f #Q $.6 96 E ^ 2 & 44 7 3 4 9



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