Question: PA 9 . LO 3 . 4 Indicate the net effect ( + for increase; - for decrease; 0 for no effect ) of each

PA 9. LO 3.4 Indicate the net effect (+ for increase; - for decrease; 0 for no effect) of each of the following
transactions on each part of the accounting equation, Assets = Liabilities + Equity. For example, for payment of
an accounts payable balance, A(-)=L(-)+E(0).
A. sale of merchandise to customer on account
B. payment on note payable
C. purchase of equipment for cash
D. collection of accounts receivable
E. purchase of supplies on account
PA 9. LO 3.4 Indicate the net effect (+ for increase;

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