Use the following chart to answer how each transaction affects hnting equation for the transactions listed below Berry Company recognized $5,000 of depreciation expense. Answer with the Assets Liabilities NE NE NE Equity correct letter from above: b. NE d. NE No transaction QUESTION 2 Use the following chart to answer how each transaction affects the accounting equation for the transactions listed below The Boyd Company paid $4,000 to extend the useful life of one of its assets. Answer using the correct letter above Assets Liabilities NE NE NE Equity a. b. NE d. NE No transaction Use the following chart to answer how each transaction affects the accounting equation for the transactions listed below Terhune Oil Company recognized $2,000,000 of depletion expense. Answer using the correct letter Assets Equity Liabilities NE NE NE a. b. NE NE e. No transaction QUESTION 4 Use the following chart to answer how each transaction affects the accounting equation for the transactions listed below Liabilities NE NE NE Brown Company amortized $3,000 of patent cost. Answer using the correct letter from the table above Assets Equity a. NE NE No transaction QUESTION 5 Use the following chart to answer how each transaction affects the accounting equation for the transactions listed below Assets Liabilities Equity a. NE b. NE NE d. e. No transaction On January 1, 2016, Stumpf Co. issued $100,000 of bonds payable at 98. Indicate the effects of issuing the bonds. Enter the answer from the table above using the letters