Benson Inc recorded the following transactions occurred during the month of September. Indicate whether each transaction would cause an increase (+). decrease ( - ) or has no effect (NE) on each of the components of the accounting equation. If a transaction causes a decrease in one component of the accounting equation and also an increase in the same component but in a different account select ( +/- ) A = L + E a) Collected $1.100 regarding a credit customer's account b) The $1.500 bill for the advertising campaign that ran last week was received today It will be paid within 30 days c) Benson Inc returned $1 900 of defective supplies today that were onginally purchased for cash d) A client rented equipment for $1 200 cash e) Benson Inc interviewed and hired a new employee who will begin working next month and get paid $4,250 per month manital in Renson Inc after investing $35 000 of supplies into the Benson Inc. recorded the following transactions occurred during the month of September. Indicate whether each transaction woul (NE) on each of the components of the accounting equation. If a transaction causes a decrease in one component of the account but in a different account, select ( +/-). a) Collected $1,100 regarding a credit customer's account A = L + E b) The $1,500 bill for the advertising campaign that ran last week was received today. It will be paid within 30 days c) Benson Inc. returned $1,900 of defective supplies today that were originally purchased for cash. d) A client rented equipment for $1,200 cash. e) Benson Inc. interviewed and hired a new employee who will begin working next month and get paid $4,250 per month f) Steve Moore (a shareholder), received share capital in Benson Inc., after investing $35,000 of supplies into the business g) $1,200 of supplies purchased on credit in an earlier transaction were found to be defective. They were returned h) Steve Moore (a shareholder), received share capital Benson Inc., after investing $20,000 cash and $35,000 worth of equipment in Benson Inc. 1) Steve Moore (a shareholder), received share capital in Benson Inc., after investing $70,000 cash into the business 1) Paid bi-weekly salaries of $8,250 k) Benson Inc. purchased equipment for $47,250, borrowing this amount from the bank through a short-term note payable 1) Benson Inc. used credit to purchase $3,500 of equipment. m) Steve Moore, a shareholder of Benson Inc., received share capital after investing furniture worth $6,000 and a building worth $40,000 into the business n) $900 of commissions were earned and collected today by Benson Inc. o) Benson Inc. used $100 cash and $600 credit to purchase $700 of supplies. . Type here to search