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When cash is received from sales, ...
Equities.
assets decrease and owner's equity decreases.
liabilities and expenses.
revenue.
assets increase; owner\'s equity increases.
Revenue
account balance.
decrease liabilities.
When the owner withdraws cash for personal use ...
Equities.
assets decrease and owner's equity decreases.
liabilities and expenses.
revenue.
assets increase; owner\'s equity increases.
Revenue
account balance.
decrease liabilities.
A transaction that increases cash and decreases owner\'s equity is ...
Equities.
assets decrease and owner's equity decreases.
liabilities and expenses.
revenue.
assets increase; owner\'s equity increases.
Revenue
account balance.
decrease liabilities.
The amount in an account is called the ...
Equities.
assets decrease and owner's equity decreases.
liabilities and expenses.
revenue.
assets increase; owner\'s equity increases.
Revenue
account balance.
decrease liabilities.
Organized summaries of a business\'s financial activities are called ...
Equities.
assets decrease and owner's equity decreases.
liabilities and expenses.
revenue.
assets increase; owner\'s equity increases.
Revenue
account balance.
decrease liabilities.
Two transactions that decrease owner\'s equity are ...
Equities.
assets decrease and owner's equity decreases.
liabilities and expenses.
revenue.
assets increase; owner\'s equity increases.
Revenue
account balance.
decrease liabilities.
If cash is paid for repairs to equipment, this would ...
Equities.
assets decrease and owner's equity decreases.
liabilities and expenses.
revenue.
assets increase; owner\'s equity increases.
Revenue
account balance.
decrease liabilities.
A transaction to pay for goods and services needed to operate a business results in a decrease in a...
Equities.
assets decrease and owner's equity decreases.
liabilities and expenses.
revenue.
assets increase; owner\'s equity increases.
Revenue
account balance.
decrease liabilities.
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