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Play Froggy Jumps
1. Purchases a used delivery van for $14,000 by writing a check for $14,000
A
Increase Asset ; Increase Liability
B
Decrease Asset ; Decrease Capital
C
Increase Asset ; Decrease Asset
2. Paid creditors $750 by cheque
A
Increase Asset ; Increase Liability
B
Decrease Asset; Decrease Asset
C
Increase Asset ; Decrease Liability
3. Owner invested cash $6000
A
Increase Asset ; Increase Liability
B
Increase Asset ; Increase Capital
C
Decrease Asset;Decrease Capital
4. Bought machinery costing $500 by cash
A
Incrrease Asset; Increase Liability
B
Decrease Asset; Decrease Capital
C
Increase Asset;Decrease Asset
5. Obtained loan $10000 from the bank
A
Increase Asset; Decrease Capital
B
Increase Asset; Increase Liability
C
Decrease Asset; Decrease Liability
6. Bought $4000 worth of inventory for cash.
A
Increase Asset; Increase Liability
B
Increase Asset; Decrease Asset
C
Decrease Asset; Increase Asset
7. The owner received $3000 cash as repayment of customer's debt.
A
Increase Asset; Increase Liability
B
Increase Asset; Increase Capital
C
Increase Asset; Decrease Asset
8. The owner paid his loan from the bank.
A
Increase Asset; Decrease Liability
B
Decrease Asset; Decrease Liability
C
Increase Liability; Decrease Capital
9. A $2000 machine was purchased by cheque
A
Increase Asset; Decrease Asset
B
Increase Liability; Decrease Asset
C
Increase Capital; Decrease Asset
10. There was a fire in the warehouse. Goods of $5000 were lost due to fire.
A
Increase Asset; Decrease Capital
B
Decrease Asset; Decrease Capital
C
Increase Asset; Decrease Liability