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4: What is the impact of each transaction on the accounting equation? You have the following options: A: Increase in an asset, decrease in another
4: What is the impact of each transaction on the accounting equation? You have the following options: A: Increase in an asset, decrease in another asset B: Increase in an asset, increase in a liability C: Increase in an asset, increase in stockholder's equity D: Decrease in an asset, decrease in a liability E: Decrease in an asset, decrease in stockholder's equity Transactions: 1: Paid Dividends of $1,000 2: Purchased Land for $6,000 3: Received cash from customers for revenue earned $500 4: Paid for supplies $1,000 5: Earned $600 in revenue, but our customers will pay us later. 6: Paid our creditors the $100 we owed them. 1: 2: 3: 4: 5: 6
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