DEBIT CREDIT 1.Equipment Capital 1. The owner invests equipment in the business. 2. The company receives cash from a bank loan. 3. The company repays the bank loan. 4. The company purchases furniture on a cash basis. 5. The company purchases land with written notes.

DEBIT CREDIT 1.Equipment Capital 1. The owner invests equipment in the business. 2. The company receives cash from a bank loan. 3. The company repays the bank loan. 4. The company purchases furniture on a cash basis. 5. The company purchases land with written notes.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter23: Statement Of Cash Flows

Section: Chapter Questions

Problem 1CE

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Question

DEBIT
CREDIT
1.Equipment Capital
1. The owner invests equipment in the business.
2. The company receives cash from a bank loan.
3. The company repays the bank loan.
4. The company purchases furniture on a cash basis.
5. The company purchases land with written notes.
6. The company sales on account.

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