Question

5.16
(a) Brought 45,000 in cash to start business.
(b) Purchased securities for cash 22,500.
through a loan.
(d) Sold securities costing 3,000 for * 4,500.
(e) Purchased an old car for 8,400 cash.
() Received cash for rent 10,800.
(g) Paid cash 1,500 for loan and 900 for interest.
(h) Paid cash for office building expenses 900.
(1) Received cash for dividend on securities 600.
DOUBLE ENTRY SYSTEM (INCLUDING ACCOUNTING EQUATION)
3. (Accounting Equation) Arvind had the following transactions. Use accounting
equation to show their effect on his assets, liabilities and capital.
(C) Purchased an office building for 45,000 giving * 15,000 in cash and the balance​

Answer 1

Answer:

a- capital ac dr to cash

b purchases to cash

c- cash ac dr to sales

Explanation: