Problem 10 (10 Points)

Presented here are five economic events. For each item, indicate whether the event increased (+), decreased (), or had no effect (NE) on assets, liabilities, and stockholders equity.

Stockholders

Assets = Liabilities + Equity

1. Received cash for services rendered. _______ _______ _______

2. Purchased supplies on account. _______ _______ _______

3. Paid employees' salaries. _______ _______ _______

4. Dividends paid in cash. _______ _______ _______

5. Billed a customer for services rendered. _______ _______ _______