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  • Module 2 Exercise 2-3

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    sophia.ashley.delrosario29
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    This document contains an exercise that shows the effects of 12 transactions on the accounting equation. For each transaction, it indicates whether the transaction causes an increase (+), decrease (-), or no change (NC) to the asset, liability, and capital accounts. The transactions include investing cash, borrowing money, purchasing assets with cash or credit, collecting or paying accounts, and withdrawing cash.

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    Accounting Module 2 Exercise 2-3

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    This document contains an exercise that shows the effects of 12 transactions on the accounting equation. For each transaction, it indicates whether the transaction causes an increase (+), decrease (-), or no change (NC) to the asset, liability, and capital accounts. The transactions include investing cash, borrowing money, purchasing assets with cash or credit, collecting or paying accounts, and withdrawing cash.

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    © All Rights Reserved
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    5 views1 page

    Module 2 Exercise 2-3

    Uploaded by

    sophia.ashley.delrosario29
    This document contains an exercise that shows the effects of 12 transactions on the accounting equation. For each transaction, it indicates whether the transaction causes an increase (+), decrease (-), or no change (NC) to the asset, liability, and capital accounts. The transactions include investing cash, borrowing money, purchasing assets with cash or credit, collecting or paying accounts, and withdrawing cash.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Name: Del Rosario, Sophia Ashley F.

    Module 2 Exercise 2-3


    Section: BSBA-HRM 2-2N Submitted to: Ms. Queen D. Franada

    EXERCISE 2-3. Show the effects on the accounting equation. Write + for increase, -
    for decrease, and NC for No Change.

    Asset Liability Capital

    1. Owner invested cash in the + NC +


    business

    2. Owner borrowed money from + + NC


    the bank

    3. Purchased filing cabinets for NC NC NC


    cash

    4. Owner purchased a printer on +/- + NC


    account

    5. Bought truck paying 10% down +/- + NC


    and balance on account.

    6. Paid account to creditors - - NC


    7. Charged customer for the + NC +
    service rendered.

    8. Collected an account +/- NC NC


    receivable

    9. Purchased reams of bond - NC -


    paper in cash

    10. Paid utilities for the month - NC -


    11. Owner withdrew cash for - NC -
    personal use

    12. Rendered service for cash + NC +

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