Gb518 unit 1 | Accounting homework help
GB 518 UNIT 01 P1-1A P1-8A P2-3A P1-1A Identify how each of the following separate transactions affects financial statements. For the balance sheet, identify how each transaction affects total assets, total liabilities, and total equity. 1 Owner invests cash in exchange for stock 2 Incurs legal costs on credit 3 Pays cash for employee wages 4 Borrows cash by signing long-term note payable 5 […]