Instructions: For each transaction listed below, write what accounts would be affected, what type of account it is asset liability, capital, drawing, revenue, expense whether the account would increase or decrease
Example
tableTransactiontableAccountsAffectedtableAccountsClassificationPaid cash for supplies,Supplies,Asset,
tableTransactiontableAccountsAffectedtableAccountsClassificationtableIncreaseorDecreasetable Bought supplies on accountfromSilvers Supply Company. Paid cash on account to York,,,Casket Company.,,,Instructions: For each transaction listed below, write what accounts would be affected, what type of account it is asset liability, capital, drawing, revenue, expense whether the account would increase or decrease
Example
tableTransactiontableAccountsAffectedtableAccountsClassificationPaid cash for supplies,Supplies,Asset,
tableTransactiontableAccountsAffectedtableAccountsClassificationtableIncreaseorDecreasetable Bought supplies on accountfromSilvers Supply Company. Paid cash on account to York,,,Casket Company.,,,