Mariology__A Guide For Priests,Deacons,Seminarians,and by Mark I. Miravalle, S.T.D

By Mark I. Miravalle, S.T.D

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00, the amount of cash paid out. This decrease is on the left side of the equation. 00. This decrease is on the right side of the equation. After this transaction is recorded, the equation is still in balance. Other expense transactions might be for advertising, equipment rental or repairs, charitable contributions, and other miscellaneous items. All expense transactions affect the accounting equation in the same way as in Transactions 8 and 9. How Transactions Change Owner’s Equity in an Accounting Equation PH O TO D IS C /GE Lesson 1-3 TTY I MA GE S 15 OTHE R CASH TR ANSAC TIONS ‫ ؍‬Liabilities ؉ Owner’s Equity Assets Accts.

Cash Beg. Bal. 1. 2,300 Ϫ400 0 200 100 1,800 New Bal. 2. 1,900 0 200 100 1,800 ؉ 800 Ϫ400 (expense) 400 Transactions: 1. 00. 2. 00. 3. 00. 4. 00. 5. 00. 6. 00. 7. 00. 8. 00. 9. 00. 10. 00. 11. 00. 12. 00. 13. 00. Instructions: For each transaction, complete the following. Transaction 1 is given as an example. a. Analyze the transaction to determine which accounts in the accounting equation are affected. b. Write the amount in the appropriate columns, using a plus (ϩ) if the account increases or a minus (Ϫ) if the account decreases.

DIGITAL VISION/GETTY IMAGES Traveling with the American Automobile Association (AAA) INTERNET ACTIVITY Company Headquarters Go to the homepage of a company of your choice. Instructions Search the site to find when the company was started and where its headquarters (or home office) is located. ” Critical Thinking 1. What asset and liability accounts might the AAA use to record its transactions? 2. List at least two transactions that the AAA might record. com 27 L E S S O N Using T Accounts 2-1 A N A LY Z I N G T H E A C C O U N T I N G E Q U AT I O N Even though the effects of transactions can be recorded in an accounting equation, the procedure is not practical in an actual accounting system.

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Mariology__A Guide For Priests,Deacons,Seminarians,and by Mark I. Miravalle, S.T.D
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