For each transaction, numbered 1 through 12 below, identify its effect for the current year on the accounting equation by selecting from a through h below. You may use each letter more than once or not at all.

Accounting Equation Effects

a. + A and + L

b. + A and + SE (Contributed Capital)

c. + A and + SE (Retained Earnings)

d. - A and - L

e. - A and - SE (Contributed Capital)

f. - A and - SE (Retained Earnings)

g. + A and - A

h. Not communicated by the formal accounting system

ANSWER HERE	#	Transaction
g	1	Purchased computer equipment for cash
	2	Received cash in exchange for the issuance of a note payable
	3	Purchased building and land in exchange for a mortgage note payable
	4	Received cash in exchange for the issuance of common stock
	5	Purchased computer supplies on account
	6	Provided computer services to customers for cash
	7	Paid an account payable
	8	Provided computer services to customers on account
	9	Used computer supplies in the regular operations of the business (acquired during a previous accounting period)
	10	Recorded depreciation for the companys computer
	11	Secured a large contract with Allegheny Company to provide computer services during the forthcoming year
	12	Declared and paid dividends to the owners of common stock