Suppose Galaxy Corporation issues $5,000 of shares of common stock. What is the effect on the owners’ equity?
An account should have two columns for what?
An account that is used in the classroom just for instructional purposes for students instead of appearing in a formal general ledger is what?
Which represents the accounting equation?
Elements of the accounting equation are represented by what in the general ledger.
An event which has a dual effect on accounting equation is
Which accounting system shows the effect each transaction has on accounting system
Ace Cleaning Services does cleaning services for $2,500 in cash. Determine e the effects on the equation.
With the use of office supplies purchased (on account) in previous period will have what effect on the equation?