3-8 c. Prepare a trial balance un included in the trial balance. Listed below are descriptions of six transactions, followed by a table listir tions of financial statement effects (I is for increase, D is for decrease, and NT the blank space to the left of each transaction description, place the appropriate that indicates the effects of that transaction on the various elements of the finan 1. Purchased machinery for $5,000, paying $1,000 cash and issuing payable for the balance. Billed clients $16,000 on account. isting six unique combi and NE is for no effect iate letter from the the financial statements, d issuing a $4,000 was paid in cash and te Recorded a $500 maintenance expense of which $100 was paid in remaining amount was due in 30 days. Paid an outstanding account payable of $400. Recorded monthly utilities costs of $300. The entire amount is due in 20 days Declared a $40,000 dividend to be distributed in 60 days. 6. Transaction Revenue Expenses Assets Liabilities Owners' Equity NE NE NE 1 - od ovo NE NE NE - NE Oooz - NE NE NE SI A Moving to another question will save this response. Question 6 The gambler's fallacy, the belief that probability changes based on past results, would be Recognizing assumptions Evaluating arguments Gathering data Drawing conclusions > A Moving to another question will save this response