After finishing her first year of operations, Nicole used the debt-to-assets, asset turnover, and net profit margin ratios to determine how effective she was in running the business. Listed here are a few company transactions from the past quarter that may have influenced these ratios.

a.	Customers used $200 of gift certificates to pay for spa services.
b.	Acquired, on account, equipment costing $320.
c.	Recorded spa treatment revenues of $1,500 on account.
d.	Incurred advertising expense of $40, paid in cash.
e.	Accrued $750 for utility bills.
f.	Received $50,000 cash from an investor in exchange for company shares.
g.	Received $2,500 cash by signing a short-term note payable.
h.	Recorded $1,800 in depreciation expense.

Required:

1.

Complete the following table, indicating the effects (account, amount, and direction) of each transaction. (Use + for increase, ? for decrease).

2.	Complete the following table, indicating the sign (+ for increase, ? for decrease) for each transaction. Assume that, prior to recording items (a)(h), Nicoles Getaway Spa had more assets than liabilities, more revenues than net income, and more revenues than average assets.

After finishing her first year of operations, Nicole used the debt-to-assets, asset turnover, and net profit margin ratios to determine how effective she was in running the business. Listed here are a few company transactions from the past quarter that may have influenced these ratios. Complete the following table, indicating the effects (account, amount, and direction) of each transaction. (Use + for increase, ? for decrease)