Indicate whether the account balances will increase or decrease and by how much, based on...
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Accounting
Indicate whether the account balances will increase or decrease and by how much, based on each transaction. The first one has been done for you. Always ensure that the accounting equation is balanced.Do not enter dollar signs or commas in the input boxes.Use the negative sign for negative values.Where a transaction affects two accounts in the same category, enter the positive amount in the first space provided and enter the negative amount in the second.TransactionAssetsLiabilitiesNet WorthPurchased a new TV for $ on credit Purchased $ worth of fuel on credit Made a $ bank loan payment Purchased a chandelier for $ cash Prepaid three months of insurance with $ cash Received a cash gift of $ Used up one of three months of prepaid insurance. With firmulas
Indicate whether the account balances will increase or decrease and by how much, based on each transaction. The first one has been done for you. Always ensure that the accounting equation is balanced.Do not enter dollar signs or commas in the input boxes.Use the negative sign for negative values.Where a transaction affects two accounts in the same category, enter the positive amount in the first space provided and enter the negative amount in the second.TransactionAssetsLiabilitiesNet WorthPurchased a new TV for $ on credit Purchased $ worth of fuel on credit Made a $ bank loan payment Purchased a chandelier for $ cash Prepaid three months of insurance with $ cash Received a cash gift of $ Used up one of three months of prepaid insurance. With firmulas
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