Following the example shown in

(a) below, indicate the accounting effects of the listed transactions on the assets, liabilities, and stockholders' equity of Martin \& Company, a corporation:

a. Purchased, for cash, a desktop computer for use in the office.

ANSWER: Increase assets (Office Equipment)

Decrease assets (Cash)

b. Rendered services and billed the client.

c. Paid rent for the month.

d. Rendered services to a client for cash.

e. Received amount due from a client in Transaction (b).

f. Purchased an office desk on account, g. Paid employees' salaries for the month.

h. Paid for desk purchased in Transaction (f).

i. The company paid a dividend.