Analyze the transactions of the business described below and indicate their

effect on the basic accounting equation.

Use (+) to indicate an increase and (-) to indicate a decrease.

Select NE if there is no effect.

So, for each item below, list the effect it has on:

• (+) or (-) or (NE) on Assets
• (+) or (-) or (NE) on Liabilities
• (+) or (-) or (NE) on Equity

Declared a dividend on common stock

• (+) or (-) or (NE) on Assets
• (+) or (-) or (NE) on Liabilities
• (+) or (-) or (NE) on Equity

Purchase office equipment using payables

• (+) or (-) or (NE) on Assets
• (+) or (-) or (NE) on Liabilities
• (+) or (-) or (NE) on Equity

Withdrew cash for daughter's wedding

• (+) or (-) or (NE) on Assets
• (+) or (-) or (NE) on Liabilities
• (+) or (-) or (NE) on Equity

Issued stock for cash

• (+) or (-) or (NE) on Assets
• (+) or (-) or (NE) on Liabilities
• (+) or (-) or (NE) on Equity

Billed customers for services provided

• (+) or (-) or (NE) on Assets
• (+) or (-) or (NE) on Liabilities
• (+) or (-) or (NE) on Equity

Split the commons stock 2 for 1

• (+) or (-) or (NE) on Assets
• (+) or (-) or (NE) on Liabilities
• (+) or (-) or (NE) on Equity

Sold fixed assets, no gain/loss

• (+) or (-) or (NE) on Assets
• (+) or (-) or (NE) on Liabilities
• (+) or (-) or (NE) on Equity

Issued bonds for cash

• (+) or (-) or (NE) on Assets
• (+) or (-) or (NE) on Liabilities
• (+) or (-) or (NE) on Equity

Paid interest on Note Payable

• (+) or (-) or (NE) on Assets
• (+) or (-) or (NE) on Liabilities
• (+) or (-) or (NE) on Equity

Signed a capital lease for a 15-ton tractor

• (+) or (-) or (NE) on Assets
• (+) or (-) or (NE) on Liabilities
• (+) or (-) or (NE) on Equity