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WorksheetsWeek 2 - Accounting equation
Total questions: 9
Worksheet time: 7mins
Received cash investment from shareholders to start business in exchange for ordinary shares
Decrease in liabilities and increase in equity
Increase in assets and increase in equity
Increase in assets and decrease in equity
Paid monthly rent
Increase in liabilities and decrease in assets
Decrease in revenue and increase in equity
Decrease in assets and decrease in equity
Purchased equipment on account
Increase in assets and increase in liabilities
Decrease in assets and increase in equity
Decrease in liabilities and increase in assets
Billed customer for the service performed
Decrease in assets and increase in liabilities
Increases in assets and decrease in liability
Increase in assets and increase in equity
Paid dividends
Decrease in assets and increase in liabilities
Decrease in assets and decrease in equity
Increase in equity and decrease in assets
Received cash from customers billed in question (4)
Increase in assets and decrease in assets
Increase in assets and decrease in liabilities
Decrease in liabilities and increase in equity
Incurred advertising expense on account
Increase in liabilities and decrease in equity
Increase in equity and increase in liabilities
Decrease in assets and increase in liabilities
Purchased additional equipment for cash
Increase in assets and increase in equity
Increase in assets and decrease in liability
Increase in assets and decrease in assets
Received cash from from customers when service was performed
Increase in equity and increase in assets
Increase in assets and increase in equity
Decrease in liabilities and increase in equity
