Question 1 Not checked Marked out of Take me to the text Indicate whether the te

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Question 1 Not checked Marked out of Take me to the text Indicate whether the terms of the accounting equation will increase, decrease or stay the same for each transaction by choosing the appropriate action from the drop down menu. If an item is not changed by the transaction, select the option "No Change." 30.00 Transaction 1) Paid salaries for the current month 2) Purchased equipment on credit. 3) Purchased furniture using cash. 4) Additional investment into the business. 5) Received payment for services to be provided next month. 6) Made partial payment for equipment purchased on credit. 7) Billed customers for services performed 8) Withdrew cash for personal use 9) Received payment from customers already billed 10) Received bills for utilities to be paid next month Check Assets Decrease No Change ; Decrease Increase 4In No ChangeNo ChangeNo Change Increase No Change Increase Increase Liabilities Owner's Equity Flag question Increase No Change Increase No Change Note: The "check" button does not submit your attempt. To submit the attempt, go to the end of the quiz and click on the "submit all and finish" button.

Explanation / Answer

Assets Liabilities Owner's equity 1 Decrease No change Decrease 2 Increase Increase No change 3 No change No change No change 4 Increase No change Increase 5 Increase Increase No change 6 Decrease Decrease No change 7 Increase No change Increase 8 Decrease No change Decrease 9 No change No change No change 10 No change Increase Decrease

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