Presented below are six business transactions. On a sheet of paper, list the letters (a), (b), (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.

(a) Purchased food on account.

(b) Received cash for providing catering service.

(c) Billed customer for $5,000 on hotel room sold.

(d) Paid $150 for electricity bill.

(e) Invested $50,000 in the business.

(f) Paid $300 for lawn services for the motel.