Presented below are three transactions. Mark each transaction as affecting common stock (C), dividends (D), revenue (R), expense (E), or not affecting stockholders' equity (NSE). ______________a. Received cash for services performed. ______________b. Paid cash to purchase equipment. ______________c. Paid employee

Presented below are three transactions. Mark each transaction as affecting common stock (C), dividends (D), revenue (R), expense (E), or not affecting stockholders' equity (NSE).

______________a. Received cash for services performed.
______________b. Paid cash to purchase equipment.
______________c. Paid employee salaries.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...

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Related Book For  answer-question

Financial and Managerial Accounting

ISBN: 978-1119392132

3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

Question Details
Chapter # 1
Section: Brief Exercises
Problem: 9
Posted Date: February 13, 2020 05:32:09