PA9. 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