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How Transactions Change Owner’s Equity in an Accounting Equation

Published byΠαρθενιά Κοντόσταυλος Modified over 6 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 12/8/2018 LESSON 1-3 How Transactions Change Owner’s Equity in an Accounting Equation Green

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 12/8/2018 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 Green

5 TERMS REVIEW revenue sale on account expense withdrawals page 17
Lesson 1-3 12/8/2018 TERMS REVIEW page 17 revenue sale on account expense withdrawals LESSON 1-3 Green

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© 2000 South-Western Educational Publishing RECEIVED CASH FROM SALES Lesson 4-3, page 76 August 12. Received cash from sales, $325.00. Tape No. 12. 1.Which.

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CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-3 Journalizing Transactions That Affect Owner’s Equity and Receiving Cash on Account.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-3 Journalizing Transactions That Affect Owner’s Equity and Receiving Cash on Account.
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What you should KNOW from Chapter 1
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Job Opportunities in Accounting
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LESSON 1-3 How Transactions Change Owner’s Equity in an Accounting Equation.

LESSON 1-3 How Transactions Change Owner’s Equity in an Accounting Equation.
CHAPTER 1 Starting a Sole Proprietorship: Changes That Affect the Accounting Equation.

CHAPTER 1 Starting a Sole Proprietorship: Changes That Affect the Accounting Equation.
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How Transactions Change Owner ’ s Equity in an Accounting Equation Section 1-3.
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Accounting. How transactions change owner’s equity in accting equation revenue increases Owner’s Equity withdrawls decrease Owner’s Equity received cash.

Accounting. How transactions change owner’s equity in accting equation revenue increases Owner’s Equity withdrawls decrease Owner’s Equity received cash.
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