71,00 c. $121,000 LO2 E2-2A. Transaction Analysis Following the example shown in (a) below, indicate the accounting effects of the listed transactions on the assets, liabilities, and stockholders' equity of Martin & Company, a corporation: a. Purchased, for cash, a desktop computer for use in the office. ANSWER: Increase assets (Office Equipment) Decrease assets (Cash) b. Rendered services and billed the client. c. Paid rent for the month. d. Rendered services to a client for cash. e. Received amount due from a client in Transaction (b). f. Purchased an office desk on account. 8. Paid employees' salaries for the month. h. Paid for desk purchased in Transaction (f). i. The company paid a dividend