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Other Fields Homework Help Accounting Topic started by: majestico on Jun 5, 2017



Title: A business received $3,000 from a customer in payment of an amount owed. The effect of the ...
Post by: majestico on Jun 5, 2017
A business received $3,000 from a customer in payment of an amount owed. The effect of the transaction on the accounting equation was to:
A) decrease an asset, decrease a liability.
B) increase an asset, increase owner's equity.
C) increase one asset, decrease another asset.
D) increase an asset, increase a liability.


Title: Re: A business received $3,000 from a customer in payment of an amount owed. The effect of the ...
Post by: Laffio on Jun 5, 2017
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Title: Re: A business received $3,000 from a customer in payment of an amount owed. The effect of the ...
Post by: majestico on Sep 3, 2017
Yeah, makes a lot more sense. Appreciate this quite a lot