Assets = Liabilities + Owners Equity little questions?

jimmy

New member
I'm very unclear, and i need help! Can you tell me on which sections do each belong and is it positive or negitive?


1. Receive a 5000 investment from owner

2. Pay for one year insurance policy with cash

3.Buy supplies for cash

4. Buy supplies on account

5. Pay 1/2 of the balance of your account payable.

6. Receive cash for sales

7. Pay cash for rent.

8. Pay cash to owner for personal use
 
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