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Below is a list of activities for Tigers Corporation. Required: For each activity, select whether the transaction increases, decreases, or has no effect on assets,
Below is a list of activities for Tigers Corporation. Required: For each activity, select whether the transaction increases, decreases, or has no effect on assets, liabilities, and stockholders' equity. The first item is provided as an example. Transaction 1. Obtain a loan at the bank. 2. Purchase a machineto use in operations for cash. 3. Provide services to customers for cash. 4. Pay employee salaries for the current month. 5. Repay loan from the bank in (1) above. 6. Customers pay cash in advance of services. 7. Pay for maintenance costs in the current month. 8. Pay for advertising in the current month. 9. Purchase office supplies on account. 10. Provide services to customers on account. 11. Pay dividends to stockholders. Assets Increase = = = = = = = = = Liabilities Increase + + No effect + + + + + + + + + Stockholders' Equity +
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