A increases, B. decreases, or C. has no effect. The item (a) is provided as an example. (a) Provided services to a customer on account. (Revenue increases causing Stockholders' Equity to Assets increase, and no effect on Liabilities). 6. Borrowed money from the bank 7. Purchased land by signing a note payable. 8. Used supplies for the month. Asset Liability Stockholders' Equity 6. ncrease CA Increase no effect CC increase () increase CAD no effect CC decreased B no effect increase A 9. At the beginning of January, the balance in the Retained Earnings account is $250,000 for T During the month of January, TR had the following external transactions. (a) (b) (c) (d) (e) Pay rent for the month Issue common stock for cash Provide services to customers on account Provide services to customers in exchange for cash Pay workers' salaries for the month Purchase equipment and pay cash Pay dividends to stockholders $3,000 50,000 SE 65,000 L 105,000 A 125,000 E 30,000 A 25,000 SE (B) Determine ending Retained Earnings for January 31st. Chapter 2