describe the effects of each of the following business transactions on assets liabilities and owner s equity
Describe the effects of each of the following business transactions on assets, liabilities, and owner’s equity. Each topic needs to be a 100 word response with one reference APA format.
- Bought equipment on credit.
- Paid salaries to employees.
- Sold services for cash.
- Paid cash to a creditor.
- Bought furniture for cash.
- Sold services on credit.
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