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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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Posts: 5977
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9 years ago
These transactions relate to Rudy's Garage, an auto repair shop. Which two of the following six possibilities occurred as a result of each transaction - an asset increased, an asset decreased, a liability increased, a liability decreased, equity increased, or equity decreased:
      a.   Rudy bought 5 batteries on credit. He put the batteries in inventory
      b.   Rudy did a repair job for a customer, who paid in cash
      c.   In doing the repair job, Rudy used one of the batteries he had bought in transaction a
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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9 years ago
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goji.go Author
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#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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