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Assets, Liabilities and equity
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Question 2: Indicate whether each transaction caused an increase (+), a decrease (-), or no change (NC) In assets, liabilities, and owner's equity: Owner's Assets Liabilities Equity a. withdrawal of cash by owner b. purchase of an asset for cash c. purchase of an asset on account d....
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In what category would the following go under Received $12,000 cash from customers for contract billed in April
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Could you please answer this question? Why must assets always equal liabilities+owners equity:confused: :confused:
Owner's Equity
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