Following the example shown in (a) below, indicate the effects of the listed transactions on the assets, liabilities, and stockholders' equity of John Dallmus, certified public accountant, a corporation:

a. Purchased, for cash, a desktop computer for use in the office.

ANSWER: Increase assets (Office Equipment)

Decrease assets (Cash)

b. Rendered accounting services and billed client.

c. Paid utilities for month.

d. Rendered tax services to client for cash.

e. Received amount due from client in Transaction (b).

f. Purchased a copying machine on account.

g. Paid employees' salaries for month.

h. Paid for copying machine purchased in Transaction (f).

i. The company paid a dividend.