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How Transactions Change Owner’s Equity in an Accounting Equation

Published byTeguh Cahyadi Modified over 5 years ago

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Presentation on theme: "How Transactions Change Owner’s Equity in an Accounting Equation"— Presentation transcript:

1 How Transactions Change Owner’s Equity in an Accounting Equation
Lesson 1-3 12/5/2018 LESSON 1-3 How Transactions Change Owner’s Equity in an Accounting Equation Blue

2 REVENUE TRANSACTIONS page 14 Transaction 6 August 12. Received cash from sales, $ Transaction 7 August 12. Sold services on account to Oakdale School, $ LESSON 1-3

3 EXPENSE TRANSACTIONS page 15 Transaction 8 August 12. Paid cash for rent, $ Transaction 9 August 12. Paid cash for telephone bill, $40.00. LESSON 1-3

4 OTHER CASH TRANSACTIONS
Lesson 1-3 12/5/2018 OTHER CASH TRANSACTIONS page 16 Transaction 10 August 18. Received cash on account from Oakdale School, $ Transaction 11 August 18. Paid cash to owner for personal use, $ LESSON 1-3 Blue

5 TERMS REVIEW revenue sale on account expense withdrawals page 17
Lesson 1-3 12/5/2018 TERMS REVIEW page 17 revenue sale on account expense withdrawals LESSON 1-3 Blue

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