6. Several transactions are listed below, with the accounting equation stated to the right side of each. Use the following identification codes to indicate the effects of each transaction on the accounting equation. Write your answers in the space provided under the accounting equation. You need an identification code for each element of the accounting equation. An example is given before the first transaction.

I-Increase

D-Decrease

NE-No Effect

		Assets	=	Liabilities	+	Owners Equity
Example	Common stock is issued to investors in the company	__I___		__NE___		__I___
A)	Cash sales are made.	_______		_______		______
B)	Equipment is purchased on credit.	_______		_______		______
C)	Payment is made for the equipment purchased on credit.	_______		_______		______
D)	Sales are made on account.	_______		_______		______
E)	Cash is collected from customers for accounts receivable balances.	_______		_______		______
F)	Dividends are declared and paid to stockholders.	_______		_______		______
G)	Land and a building are acquired in exchange for shares of the companys common stock.	_______		_______		______
H)	Utility bills are received and recorded; payment will be made later.	_______		_______		______