Identify if it will Increase, Decrease or No effect. 1.What happens to the owner’s assets when the company receives cash from a bank loan? 2.What happens to the owner’s equity when the company...

Identify if it will Increase, Decrease or No effect.

1.What happens to the owner’s assets when the company receives cash from a bank loan?

2.What happens to the owner’s equity when the company receives cash?

3.What happens to the owner’s equity when the owner invests personal cash in the business?

4.What will happen to the company’s liquidity when some of its products are sold from inventory?

5.What happens to the owner’s assets when the company purchases equipment with its cash?

6.What happens to the owner’s assets when the company repays the bank that had lent?

Jun 10, 2022

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