Question $11(15$ points$)$

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LIsten

Indicate whether each of the following transactions increases $(+),$ decreases $(-),$ or has no effect $($NE$)$ on total assets, total liabilities, and total stockholders' equity.

$\backslash$table$[[,$Total,Total,$\backslash$table$[[$Total$],[$Stockholders$\text{'}]]],[$Transaction$,$Assets,Liabilities,Equity$]]$

Purchased inventory on

account

Collected cash from

customers that was

previously on account

Paid rent for the current

month

Paid insurance for a one$-$

year in advanceQuestion $11(15$ points$)$

$$ Saved

LIsten

Indicate whether each of the following transactions increases $(+),$ decreases $(-),$ or has no effect $($NE$)$ on total assets, total liabilities, and total stockholders' equity.

$\backslash$table$[[,$Total,Total,$\backslash$table$[[$Total$],[$Stockholders$\text{'}]]],[$Transaction$,$Assets,Liabilities,Equity$]]$

Purchased inventory on

account

Collected cash from

customers that was

previously on account

Paid rent for the current

month

Paid insurance for a one$-$

year in advance