GB 518 UNIT 1

GB 518 UNIT 1  in $13 only

P1-1A P1-8A P2-3AP1-1A P1-8A P2-3A
P1-1A Identify how each of the following separate transactions affects financial statements. For the balance sheet, identify how each transaction affects total assets, total liabilities, and total equity.
1 Owner invests cash in exchange for stock
2 Incurs legal costs on credit
3 Pays cash for employee wages
4 Borrows cash by signing long-term note payable
5 Receives cash for services provided
6 Buys land by signing note payable
7 Buys office equipment for cash
8 Provides services on credit
9 Collects cash on receivable from transaction (8)
10 Owner withdraws cash