Transaction analysis-nonquantitative Indicate the effect of each of the following transactions on total assets, total liabilities, and total owners' equity. Use + for increase, - for decrease, and (NE) for no effect. The first transaction is provided as an illustration.

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a. b. DG C. Borrowed cash on a bank loan Paid an account payable.. Sold common stock. Assets Liabilities Owners' Equity + NE