Shiny Kar Company had the following transactions. For each transaction, show the effect on the accounting equation by putting the amount and direction
(+, -, or NC for no change) in each box of the table below.?

Question

Traveon Murray · Accepted Answer

Final Answer :   Assets   Liabilities   Owner’s Equity   (a)  − $ 500 N C − $ 500  (b)  + $ 55 , 000 N C + $ 55 , 000  (c)  − $ 40 , 000 N C − $ 40 , 000  (d)  N C N C N C  (e)  − $ 450 N C − $ 450  (f)  + $ 150 + $ 150 N C \begin{array}{|c|c|c|c|}\hline  &  	ext { Assets }  &  	ext { Liabilities }  &  	ext { Owner ' s Equity } \\hline 	ext { (a) }  &  -\$ 500  &  \mathrm{NC}  &  -\$ 500 \\hline 	ext { (b) }  &  +\$ 55,000  &  \mathrm{NC}  &  +\$ 55,000 \\hline 	ext { (c) }  &  -\$ 40,000  &  \mathrm{NC}  &  -\$ 40,000 \\hline 	ext { (d) }  &  \mathrm{NC}  &  \mathrm{NC}  &  \mathrm{NC} \\hline 	ext { (e) }  &  -\$ 450  &  \mathrm{NC}  &  -\$ 450 \\hline 	ext { (f) }  &  +\$ 150  &  +\$ 150  &  \mathrm{NC} \\hline\end{array}  (a)   (b)   (c)   (d)   (e)   (f)  ​  Assets  − $500 + $55 , 000 − $40 , 000 NC − $450 + $150 ​  Liabilities  NC NC NC NC NC + $150 ​  Owner’s Equity  − $500 + $55 , 000 − $40 , 000 NC − $450 NC ​ ​

Shiny Kar Company had the following transactions. For each transaction, show the effect on the accounting equation by putting the amount and direction
(+, -, or NC for no change) in each box of the table below.?

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Learning Objectives

Learning Objectives

Related questions

Shiny Kar Company had the following transactions. For each transaction, show the effect on the accounting equation by putting the amount and direction (+, -, or NC for no change) in each box of the table below.?

Definitions

Learning Objectives

Learning Objectives

Related questions

Shiny Kar Company had the following transactions. For each transaction, show the effect on the accounting equation by putting the amount and direction
(+, -, or NC for no change) in each box of the table below.?