Question: BE 3 . 1 ( LO 1 ) , C Presented below are three economic events. On a sheet of paper, list the letters (

BE3.1(LO 1), C Presented below are three economic events. On a sheet of paper, list the letters (a),(b),
and (c) with columns for assets, liabilities, and stockholders equity. In each column, indicate whether the
event increased (+), decreased (), or had no eff ect (NE) on assets, liabilities, and stockholders equity.
a. Purchased supplies on account.
b. Received cash for performing a service.
c. Expenses paid in cash.

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