info from practice assignments

There are ten transactions listed below. Match the transactions that have the identical effect on the accounting equation. You should end up with 5 matches. a.Receive cash from customers on account. b.Issued stock in exchange for cash. c.Pay cash to reduce an accounts payable. d.Purchase supplies for cash. e. Pay cash to reduce a notes payable. f.Purchase supplies on account. g.Additional investment by a stockholder h.Purchase equipment with a note payable. i.Pay utilities with cash. j.Pay dividends

#1= a, d #2 = c, e #3 = f, h #4 = b, g #5 = i, j

For each of the following, indicate whether the transaction affects revenue (R), expense (E), dividends (D), common stock (CS), or no effect on stockholders' equity (NOE). 1. Made an investment to start the business. 2. Billed customers for services performed. 3. Purchased equipment on account. 4. Paid monthly rent. 5. Paid dividends

1. common stock 2. revenue 3. no effect on stockholders' equity 4. expense 5. dividend

Identify the impact on the accounting equation of each of the following transactions. 1.Purchase office supplies on account. 2.Paid secretary weekly salary. 3.Purchased office furniture for cash. 4.Received monthly utility bill to be paid at later time

1.Increase assets and increase liabilities. 2.Decrease assets and decrease stockholders' equity. 3. Increase assets and decrease assets. 4.Increase liabilities and decrease stockholders' equity