How transactions 2 and 3 affected basic accounting equation

Reference no: EM131415782

During 2008, The Limited entered into the transactions listed below.

a. On a separate sheet of paper, complete the following chart to show the effect of these transactions on the accounting equation and compute the net effect (dollars in millions).

b. Compare and discuss how transactions 2 and 3 affected the basic accounting equation.

Reference no: EM131415782

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