Following example a below, indicate the effects of transactions b through i on assets, Habilities, and equity, including identifying the individual accounts affected.

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a. Paid cash to acquire a computer for use in office ANSWER: Increase assets (Office Equipment) Decrease assets (Cash) b. Rendered services and billed client C. Paid cash to cover rent for this period d. Rendered services to client for cash e. Received amount due from client in b f. Purchased an office desk on account g. Paid cash to cover this period's employee salaries h. Paid cash to cover desk purchased in f i. Declared and paid a cash dividend