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Required Identify whether each of the following transactions is an asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Also explain how each event affects the accounting equation by placing a + for increase, and - for decrease. Finally, indicate whether the effect requires a debit or credit entry. Not all cells may require an input - leave cells blank if there is no corresponding input needed. The first event is recorded as an example, a. Purchased supplies on account. b. Acquired cash from the issue of common stock. c. Paid cash in advance for one year of rent. d. Paid salaries payable. e. Received cash for services to be performed in the future. t. Paid a cash dividend to the stockholders. g. Received cash in payment of accounts receivable. h. Paid accounts payable. i. Provided services for cash. J. Recognized expense for supplies used during the period. k. Recognized revenue for services completed for which cash had been collected previously, I. Incurred other operating expenses on account m. Purchased land with cash. Answer is not complete. Stockholders' Equity Common Stock Retained Earnings Event Assets Type of Event AS a = + b. + AS AE +Credit Liabilities Credit -Credit -Debit -Debit C + x+ +Debit Debit +Debit-Credit -Credit +Debit -Credit d AU 00000 + -Debit/Credit Debit/Credit -Debit/Credit x + X + . f + = -Debit AS AU AE AU AS 9 +Credit +Credit Credit -Debit Credit x + x + + + h. = + i -Credit +Debit -Credit x + x + j k. -Debit -Debit Debit/Credit -Debit/Credit -Debit Credit -Debit/+Credit -Debit/Credit -Debit/Credit X + X + + AU CE CE AE +Credit -Debit +Credit -Debit + OOO 1. +Credit Debit m. +Debit-Credit x x +