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LESSON 1-2 How Business Activities Change the Accounting Equation
RECEIVING CASH <ul><li>Transaction 1   August 1. Received cash from owner as an investment, $5,000.00. </li></ul>LESSON  1...
PAYING CASH <ul><li>Transaction 2   August 3. Paid cash for supplies, $275.00. </li></ul>LESSON  1-2 Transaction 3   Augus...
TRANSACTIONS ON ACCOUNT <ul><li>Transaction 4  August 7. Bought supplies on account from Supply Depot, $500.00. </li></ul>...
TERMS REVIEW <ul><li>transaction </li></ul><ul><li>account </li></ul><ul><li>account title </li></ul><ul><li>account balan...
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Lesson01 2g

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Lesson01 2g

  1. 1. LESSON 1-2 How Business Activities Change the Accounting Equation
  2. 2. RECEIVING CASH <ul><li>Transaction 1 August 1. Received cash from owner as an investment, $5,000.00. </li></ul>LESSON 1-2 page 10
  3. 3. PAYING CASH <ul><li>Transaction 2 August 3. Paid cash for supplies, $275.00. </li></ul>LESSON 1-2 Transaction 3 August 4. Paid cash for insurance, $1,200.00. page 11
  4. 4. TRANSACTIONS ON ACCOUNT <ul><li>Transaction 4 August 7. Bought supplies on account from Supply Depot, $500.00. </li></ul>LESSON 1-2 Transaction 5 August 11. Paid cash on account to Supply Depot, $300.00. page 12
  5. 5. TERMS REVIEW <ul><li>transaction </li></ul><ul><li>account </li></ul><ul><li>account title </li></ul><ul><li>account balance </li></ul><ul><li>capital </li></ul>LESSON 1-2 page 13

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