Question: Describe whether the transaction will increase, decrease, or will have no effect on A, L, or S.E. Transaction Assets = Liabilities + Stockh. Equity Example:

Describe whether the transaction will increase, decrease, or will have no effect on A, L, or S.E.

Transaction Assets = Liabilities + Stockh. Equity
Example: Obtain a loan. Incr. = Incr. + No effect
Buy equipment with cash. = +
Prepay with cash for insurance. = +
Pay employees' salaries with cash. = +
Purchase office supplies on account. = +
Pay accounts payable. = +
Provide service to customers on account. = +
Provide service to customers in cash. = +
Pay cash for utilities for the current month. = +
Pay cash dividends to stockholders. = +

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