Question: Presented here are five economic events. For each item, indicate whether the event increased, decreased, or had no effect on assets, liabilities, and stockholders'

Presented here are five economic events. For each item, indicate whether the

Presented here are five economic events. For each item, indicate whether the event increased, decreased, or had no effect on assets, liabilities, and stockholders' equity. 1. Received cash for services rendered. 2. Purchased supplies on account. 3. Paid employees' salaries. 4. Dividends paid in cash. 5. Expenses paid in cash. Assets < < = Liabilities > + Stockholders' Equity

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