Which among the following transactions would have no effect on equity? O a. Drawings made by the owner O b. Purchase of supplies on credit O c. Investment by the owner O d. Retained earnings of the business

Which among the following transactions would have no effect on equity? O a. Drawings made by the owner O b. Purchase of supplies on credit O c. Investment by the owner O d. Retained earnings of the business

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter2: Analyzing Transactions: The Accounting Equation

Section: Chapter Questions

Problem 3CE: What are the effects of the following transactions on the accounting equation? Indicate an increase...

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Which among the following transactions would have no effect on equity?
O a. Drawings made by the owner
O b. Purchase of supplies on credit
O c. Investment by the owner
O d. Retained earnings of the business

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