2. A Doubtful Debt Provision of $1250 was created
3. A debtor paid his account of $600 in full
4. A fixed asset, with a net boot value of $2500, was sold for $2250
5. A creditor accepted $784 in full settlement of an invoice for $800
6. Sold some stock, originally costing $500, for $600
Q: Use the accounting equation to show the effect of each of the above transactions. ...where a transaction has no overall effect on the accounting equation, you should writ NO EFFECT.
Assets = Capital + Liabilities 1. Assets(+$8000) = Capital (+$8000)
更新1:
先謝謝兩位，但 2,3 答案不同 2. Dr. P&L Cr. Provision for Doubtful Debt 3. Dr. Bank Cr. Debtor
更新2:
Anyone know?
更新3:
Sindy, thank you very much
