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Tju [1.3M]
3 years ago
14

For each transaction indicate whether each account would be classified in the balance sheet as an asset

Business
1 answer:
oksano4ka [1.4K]3 years ago
6 0

Answer:

I'm not at this level

Explanation:

Note: I'm really sorry if I didn't answer this. I am just doing a challenge and earning points. Sorry

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We debit the contributed assets and credit the capital account

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we debit the assets and credit the revenue

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account receivable 689 debit

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we debit the expense and credit the asset we use to pay it

rent expense      634 debit

       cash                           634 credit

we debit the expense and credit the consumed asset

supplies expense     187 debit (450 purchase - 263 at hand)

               supplies            187 credit

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