Answer to Question #288767 in Accounting for aami

Question

Complete the columns to show the accounting effects of the following transactions.

Transactions Assets Liabilities Capital

Owner introduced capital $6,000 by bank

Sold goods on credit to James $6000

Purchased goods $2,800 by cash.

Obtained a loan from Nuwan$4,000by cash.

Bought furniture’s for $3,000 by cheque

Answer 1

The answer to your question is provided in the image: