BE1.6(LO4)Presented below are three business transactions. On a sheet of paper, list the letters (a), (b), and (c) with columns for assets, liabilities, and stockholders' equity. For each column, indicate whether the transactions increased (+), decreased (), or had no effect (NE) on assets, liabilities, and stockholders' equity.

a. Purchased supplies on account. b. Received cash for performing a service. c. Paid expenses in cash.