The following transactions occur for the Hamilton Manufacturers.
(a)Provide services to customers on account for $4,500.
(b)Purchase equipment by signing a note with the bank for $10,000.
(c)Pay advertising of $1,500 for the current month.
Analyze each transaction and indicate the amount of increases and decreases in the accounting equation.

Question

Quizplus · Accepted Answer

The Answer of The following transactions occur for the Hamilton Manufacturers.
(a)Provide services to customers on account for $4,500.
(b)Purchase equipment by signing a note with the bank for $10,000.
(c)Pay advertising of $1,500 for the current month.
Analyze each transaction and indicate the amount of increases and decreases in the accounting equation.

The Following Transactions Occur for the Hamilton Manufacturers