trate the effects of accepting the note from Valley Designs on the accounts and financial statements of Bork Furniture Company.   Financial Statement Effects       Balance Sheet     Assets = Liabilities + Stockholders' Equity     +   =   +   Apr. 20. fill in the blank 5   fill in the blank 6   fill in the blank 7   fill in the blank 8   Statement of Cash Flows   Income Statement       fill in the blank 10     fill in the blank

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is