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LESSON 1-2 How Business Activities Change the Accounting Equation

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1 LESSON 1-2 How Business Activities Change the Accounting Equation
8/3/2018 LESSON 1-2 How Business Activities Change the Accounting Equation

2 RECEIVING CASH Transaction 1 August 1. Received cash from owner as an investment, $5, LESSON 1-2

3 PAYING CASH Transaction 2 August 3. Paid cash for supplies, $275.00.
Transaction 3 August 4. Paid cash for insurance, $1, LESSON 1-2

4 TRANSACTIONS ON ACCOUNT
Transaction 4 August 7. Bought supplies on account from Supply Depot, $ Transaction 5 August 11. Paid cash on account to Supply Depot, $ LESSON 1-2

5 TERMS REVIEW transaction account account title account balance capital
LESSON 1-2

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