Accounting Equation: Indicate the effect of each of the following transactions for the current month on assets, liabilities, and owner's equity by inserting + for an increase and -for a decrease in the appropriate columns at the right. Each question will has a + or NE and in some cases there can be ++ or +-, --, and they may have affect only one GL account such an Asset (A) or they can affect only an A and a L or an OE account. Expenses decrease OE and revenues increase OE. A L OE 0. Paid wages for the weekly payroll 0. Sales on account to customers - + - +

a.Received cash for inventory sold to a nonprofit church at our cost.

b. Declared stock dividends of $10,000.

c Recorded the amortization of the Bonds in # 35 during the year.

d Paid the semi-annual payment of interest expense on Bonds Payable.

e Received cash from a customer on account + cash - Acct Receiv.

f Purchased $50,000 Bonds at $51,000 as additional investment.

g Purchased supplies for cash. 37. Received cash from sales.

h Paid cash to Shareholders as a cash dividend