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9 Cards in this Set
- Front
- Back
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Business makes a Cash payment to creditor |
Decrease in Total Assets |
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Owner invests cash in the business she owns |
Increase in total assets |
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Business purchases a new van for cash |
No change in Total Assets |
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Business obtained a bank loan |
Increase in Total Assets |
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Business obtained cash for an account receivable |
No change in Total Assets |
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The owner withdrew cash for personal use |
Decrease in Total Assets |
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Business returned supplies originally purchased on credit |
Decrease in Total Assets |
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Business provided a service to a customer for cash |
Increase in Total Assets |
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Business returned equipment for cash refund |
No change in total assets |
