Brief Exercise 3-1 Presented below are three economic events. In each column, indicate whether the event increased, decreased or had no effect on assets, liabilities, and stockholders' equity. (a) Punchased supplies on account b) Received cash for providing a service. (c) Expenses paid in cash. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 3 used SVE FOR LATER SUBMET ANSWER Brief Exercise 3-2 During 2014, Damon Corp. entered into the following transactions. 1 Borrowed $62,770 by issuing bonds. 2 Paid $9,120 cash dividend to stockholders Received $16,580 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $3,000. Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equity in the right-hand margin. For Retained Earnings, use separate columns for Revenues, Expenses, and Dividends if necessary. (Ifa transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example.) se 1) Click if you would like to Show Work for this question: Oen Show Work