BE$1\mathrm{.}7($LO $4),$ C The following are three business transactions. Create a table with rows $($a$),($b$),$ and $($c$),$ and columns for assets, liabilities, and stockholders' equity. For each column, indicate whether the transactions increased $(+),$ decreased $(-),$ or had no effect $($NE$)$ on assets, liabilities, and stockholders' equity.

a$.$ Stockholders invested cash in the business for common stock.

b$.$ Paid a cash dividend.

c$.$ Received cash from a customer who had previously been billed for services performed.

Determine effect of transactions on accounting equation.

BE$1\mathrm{.}7($LO $4),$ C The following are three business transactions. Create a table with rows $($a$),($b$),$ and $($c$),$ and columns for assets, liabilities, and stockholders' equity. For column, indicate whether the transactions increased $(+),$ decreased $(-),$ or had no effect $($NE$)$ on assets, liabilities, and stockholders' equity.

a$.$ Stockholders invested cash in the business for common stock.

b$.$ Paid a cash dividend.

c$.$ Received cash from a customer who had previously been billed for services performed.

Classify items affecting stockholders' equity.