Transactions using the accounting equation


Task: Please post these transactions using the Accounting equation.

Asset = Liabilities + Owners Equity

1. Dan inspected 10 homes this week, charging the customers a total of $2100 and receiving payment of $1,500. He billing the rest.

2. He paid $500 on a business credit card. $100 was interest

3. Dan withdrew $2000 from the business for personal use.

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Accounting Basics: Transactions using the accounting equation
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