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These Transactions Relate to Rudy's Garage,an Auto Repair Shop

Question 27

Short Answer

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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a.assets +,liabiliti...

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