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    Effects on the accounting equation

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    Please complete the attached practice problems.

    Indicate the two (or more) effects on the accounting equation of the business or company. I have completed the first one.
    The owner invests personal cash in the business.
    Assets: Increase Decrease No Effect
    Liabilities: Increase Decrease NoEffect
    Owner's (or Stockholders') Equity: Increase Decrease No Effect

    The owner withdraws business assets for personal use.
    Assets: Increase Decrease No Effect
    Liabilities: Increase Decrease No Effect
    Owner's (or Stockholders') Equity: Increase Decrease No Effect

    The company receives cash from a bank loan.
    Assets: Increase Decrease No Effect
    Liabilities: Increase Decrease No Effect
    Owner's (or Stockholders') Equity: Increase Decrease No Effect

    The company repays the bank that had lent money to the company.
    Assets: Increase Decrease No Effect
    Liabilities: Increase Decrease No Effect
    Owner's (or Stockholders') Equity: Increase Decrease No Effect

    The company purchases equipment with its cash.
    Assets: Increase Decrease No Effect
    Liabilities: Increase Decrease No Effect
    Owner's (or Stockholders') Equity: Increase Decrease No Effect

    The owner contributes her personal truck to the business.
    Assets: Increase Decrease No Effect
    Liabilities: Increase Decrease No Effect
    Owner's (or Stockholders') Equity: Increase Decrease No Effect

    The company purchases a significant amount of supplies on credit.
    Assets: Increase Decrease No Effect
    Liabilities: Increase Decrease No Effect
    Owner's (or Stockholders') Equity: Increase Decrease No Effect

    The company purchases land by paying half in cash and signing a note payable for the other half.
    Assets: Increase Decrease No Effect
    Liabilities: Increase Decrease No Effect
    Owner's (or Stockholders') Equity: Increase Decrease No Effect

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    https://brainmass.com/business/accounting/effects-on-the-accounting-equation-225638

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    Indicate the two (or more) effects on the accounting equation of the business or company. I have completed the first one.
    The owner invests personal cash in the business.
    Assets: Increase Decrease No Effect
    Liabilities: Increase Decrease No Effect
    Owner's (or Stockholders') Equity: Increase Decrease No Effect

    The owner withdraws business assets for personal use.
    Assets: Increase Decrease No Effect
    Liabilities: Increase Decrease No Effect
    Owner's (or Stockholders') Equity: Increase Decrease No Effect

    The company ...

    Solution Summary

    Response provides the steps to analyze the effects of various transactions on the accounting equation

    $2.19

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