term1 Definition1term2 Definition2term3 Definition3
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Business makes a Cash payment to creditor
Decrease in Total Assets
Owner invests cash in the business she owns
Increase in total assets
Business purchases a new van for cash
No change in Total Assets
Business obtained a bank loan
Increase in Total Assets
Business obtained cash for an account receivable
The owner withdrew cash for personal use
Business returned supplies originally purchased on credit
Business provided a service to a customer for cash
Business returned equipment for cash refund
No change in total assets
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