2 Increase Decrease Increase Decrease Increase Decrease Stockholders' Stockholders' Asset Asset Liability Liability Equity Equity Increase Revenue Decrease Total possible points on problem Increase Decrease Revenue Expense Expense Y Y Y I will list a transaction or a journal entry below. You need to place a Y in the proper columns (to represent Yes) for each Account Type that is affected. I have done the first two for you. (Each one is worth 2 points) Remember there are two sides to each event - a Dr and a Cr A company pays off a Loan Payable with Cash A company pays for Office Supplies with Cash A company sells Common Stock for Cash A company pays off Accounts Payable with Cash A company collects Cash for Accounts Receivable A company buys Inventory on account A company buys Inventory on account A company pays a utility bill that was accrued last month A company accrues Salaries and Wages at month end A company accrues Interest Revenue at month end This next one has 4 classifications so there will be four points A company sells Inventory on Credit to a customer 20 20