Question: 1) Select A Transaction That Effects The Accounting Equation As Follows: 2) Ming Chen Began A Professional Practice On June 1 And Plans To Prepare Financial Statements At The End Of Each Month. In transaction analysis, how does this transaction affect the accounting equation? B. B. Add $6000 to Accounts Payable account and add $6000 to Service Revenue account. C. The Owner Invests Land In The Business (in Exchange For Its Stock), D. Every transaction alters the constituents of the equation in such a way that the equation is satisfied after every such alteration.. We can conclude that the accounting equation is satisfied at any point of time during the life time of an organisation. A. Accounts receivable = No change+ Which of the following must be true for this transaction? The Company Purchases Equipment For Cash. The company pays cash toward an account payable. d. Decreases an asset and decreases a liability. The owner invests land in the business (in exchange for its stock). c. The owner invests cash in the business in exchange for its common stock d. The company pays cash dividends to shareholders. Add $6000 to Cash account and add $6000 to Service Revenue account. If other assets are unchanged, stockholders' equity must be increasing. Select a transaction that effects the accounting equation as follows: Transaction Effects a. Select a transaction that effects the accounting equation as follows:_____ Effects A. c. Decreases a liability and increases a liability. Increases an asset and increases a liability. Select a transaction that effects the accounting equation as follows: Effects Transaction a. Both total assets and total liabilities decrease. c. The company purchases supplies for cash. b. The company purchases equipment on credit. Select a transaction that affects the accounting equation as follows: ... select “+” in the column or columns. B. The effects of this transaction as reflected in the accounting equation are: a. The company purchases equipment for cash. Each and every accounting transaction has its effect on the accounting equation. By keeping a running total of the effects of transactions, the accounting equation provides a framework for summarizing the effects of a series of transactions. QN=65 Viscount Company collected $42,000 cash on its accounts receivable. T A business receives $10,000 cash for a sale of merchandise and records this receipt of cash as an increase in accounts receivable by mistake. The Company Purchases Supplies For Cash. The company purchases equipment on credit. In part, a transaction affects the accounting equation as follows: Which of the following must be true for this transaction? d. The company purchases equipment on credit. During June, Ming Chen (the Owner) Completed These Transactions. Select a transaction that affects the accounting equation as follows: a. Decreases an asset and decreases equity. b. The amount billed to the client was $6000. Select one: A. D. The company pays cash dividends to shareholders. Total assets decrease and equity increases. For decreases, select “–” in the column or columns. The company pays cash toward an account payable. Record this transaction on May 1 in the accounting equation of Mary's Morsels by: Increasing accounts receivable and increasing revenue If a customer makes a partial payment of $100 on a service for which you have already billed him, you would record this transaction into the accounting equation by: A) If other assets are unchanged, stockholders' equity must be increasing. C. The owner invests cash in the business in exchange for its common stock. b. b. In part, a transaction affects the accounting equation as follows: Assets = Liabilities+Stockholders'Equity ^ ^ ^ ? The accounting equation showed the following balances after each of the company’s first five transactions. e. Increases an asset and decreases an asset. B. c. Total assets, total liabilities, and equity are … A company performed tax services for a client on account. If other assets are unchanged, stockholders' equity must be decreasing. Question: Select A Transaction That Effects The Accounting Equation As Follows: Transaction Effects A.