Question

Assume that global cleaning service performed cleaning services for a department store on account for​ $180. how would this transaction affect global cleaning​ service's accounting​ equation?

Answer 1

The transaction effect on the global cleaning service's accounting equation is to increase both assets and equity by $180. 
An asset is a property or an equipment that is purchased for the purpose of business activities, examples of business assets include cash, equipment, buildings and inventory to vehicles and office furniture. In this case assets worth $180 increased (may be cash or bank, depending on the means of payment) and also an increase in equity.