Analyze each transaction. Under each category in the accounting equation, indicate whether the transaction: A. increases,...

 

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Analyze each transaction. Under each category in the accounting equation, indicate whether the transaction: A. increases, B. decreases, or C. has no effect. The item (a) is provided as an example. (a) Provided services to a customer on account. (Revenue increases causing Stockholders' Equity to increase, Assets increase, and no effect on Liabilities). 6. Purchased equipment with a note payable. 7. Paid rent for the current month. 8. Recorded monthly salaries, will pay next week. Asset Liability Stockholders' Equity (a) A C 6. 7. 18. A Analyze each transaction. Under each category in the accounting equation, indicate whether the transaction: A. increases, B. decreases, or C. has no effect. The item (a) is provided as an example. (a) Provided services to a customer on account. (Revenue increases causing Stockholders' Equity to increase, Assets increase, and no effect on Liabilities). 6. Purchased equipment with a note payable. 7. Paid rent for the current month. 8. Recorded monthly salaries, will pay next week. Asset Liability Stockholders' Equity (a) A C 6. 7. 18. A

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