Presented below are three economic events In each column, indicate whether the event increased, decreased, or had no effect on assets, liabilities, and stockholders equity Assets Liabilities Stockholders Equity (a) Purchased supplies on account Decreased No Effect Increased Increased No Effect Decreased Decreased Increased No Effect (b) Received cash for providing a service Increased No Effect Decreased Increased No Effect Decreased No Effect Increased Decreased (c) Expenses paid in cash Increased Decreased No Effect Decreased No Effect Increased Increased Decreased No Effect

Question: Presented below are three economic events. In each column, indicate whether the event increased, decreased, or had no effect on assets, liabilities, and stockholders equity.

Presented below are three economic events. In each column, indicate whether the event increased, decreased, or had no effect on assets, liabilities, and stockholders’ equity.

		Assets	Liabilities	Stockholders’ Equity
(a)	Purchased supplies on account.	Decreased No Effect Increased	Increased No Effect Decreased	Decreased Increased No Effect
(b)	Received cash for providing a service.	Increased No Effect Decreased	Increased No Effect Decreased	No Effect Increased Decreased
(c)	Expenses paid in cash.	Increased Decreased No Effect	Decreased No Effect Increased	Increased Decreased No Effect

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