Question: Choose between (increase, decrease or no effect) 1) Rosie's employees earned $2,400 in wages that won't be paid until next month. Assets = [increase, decrease,

Choose between (increase, decrease or no effect)

1) Rosie's employees earned $2,400 in wages that won't be paid until next month.

Assets = ["increase", "decrease", "no effect"]

Liabilities = ["increase", "decrease", "no effect"]

Owners Equity = ["increase", "decrease", "no effect"]

2)

Rosie paid cash to the Crescent City marathon to be a premium sponsor. Premium sponsors have their names printed on the race tee shirt and advertising materials. The race will take place in two months.

Assets = ["increase", "decrease", "no effect"]

Liabilities = ["increase", "decrease", "no effect"]

Owners Equity= [ "increase", "decrease", "no effect"]

3)

Rosie recorded depreciation on the spa's equipment.

Assets ["increase", "decrease", "no effect"] ,

Liabilities ["increase", "decrease", "no effect"] ,

Owners Equity ["increase", "decrease", "no effect"]

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