(solution) Transactions affecting owner's equity include owner's investments

(solution) Transactions affecting owner's equity include owner's investments

Transactions affecting owner’s equity include

owner’s investments and payment of liabilitiesowner’s investments, earning of revenues, incurrence of expenses, and collection of accounts receivableowner’s withdrawals, earning of revenues, incurrence of expenses, and purchase of supplies on accountowner’s investments, owner’s withdrawals, earning of revenues, and incurrence of expenses