Summary
Summary 1. (TCO 1) Suppose your company sold $25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12) Assets = Liabilities + Capital +25000 = +25000 It will increase assets&capital by $25000.
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1. (TCO 1) Suppose your company sold $25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation? (Points : 12) Assets = Liabilities + Capital +25000 = +25000 It will increase assets&capital by $25000. 2. (TCO 2) Suppose you...
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