Follow the same format as BE1-6 above. Determine the effect on assets, liabilities, and stockholders' equity of the following three transactions.

(a) Stockholders invested cash in the business for common stock.

(b) Paid a cash dividend.

(c) Received cash from a customer who had previously been billed for services performed.

Data From BE1-6

Presented below are three business transactions. On a sheet of paper, list the letters (a), (b), and (c) with columns for assets, liabilities, and stockholders’ equity. For each column, indicate whether the transactions increased (+), decreased (−), or had no effect (NE) on assets, liabilities, and stockholders’ equity.