Manor Ltd. records their business transactions into the basic accounting equation.

For each of the following independent business activities, indicate the effect on the basic accounting equation.

NOTE: The questions are multi-selection questions. For each business activity choose ALL that apply.

Signed a contract with a new customer to provide $6,000 of services in the future.

Question 69 options:

a)	Decrease liabilities

b)	This is an event, not a transaction.

c)	Increase liabilities

d)	Increase equity

e)	Decrease assets

f)	Increase assets

g)	Decrease equity

Rent of $1,800, which was paid for in March, was used in April.

Question 70 options:

a)	Decrease assets

b)	Decrease equity

c)	Increase assets

d)	Increase equity

e)	This is an event, not a transaction.

f)	Increase liabilities

g)	Decrease liabilities

The company received $875 of cash from a customer for services to be performed next month.

Question 74 options:

a)	Increase equity

b)	Decrease assets

c)	Increase liabilities

d)	Increase assets

e)	Decrease equity

f)	Decrease liabilities

g)	This is an event, not a transaction.

The owners were paid dividends of $900, cash.

Question 75 options:

a)	Increase liabilities

b)	Increase assets

c)	Increase equity

d)	Decrease equity

e)	Decrease liabilities

f)	Decrease assets

g)	This is an event, not a transaction.