Indicate the net effect (+ for increase; – for decrease; 0 for no effect) of each of the following transactions on each part of the accounting equation, Assets = Liabilities + Equity. For example, for payment of an accounts payable balance, A (–) = L (–) + E (0).
A. Payment of principal balance of note payable
B. Purchase of supplies for cash
C. Payment of dividends to stockholders
D. Issuance of stock for cash
E. Billing customer for physician services provided