Chapter 2 Homawork Calculator Effects of Transactions on Accounting Equation Indicate how the following transactions af Mc Donald's Corp. (MCD), would affect the three elements of the accounting equation. If an element increases and decreases by the same amount, select "no efect. a. Paid research and development expenses for the current year 3. Assets 4. Liabilities 5. Stpckholders' equity b. Purchased machinery and equipment for cash Assets 7. Liabilities 8. Stockholders' equity c. Received cash from issuing stock. Assets Liabilities Stockholders' equity d. Received cash from the isssuance of long-term debt. Assets Liabilities Stockholders' equity c. Made cash sales. Assets Liabilities Stockholders' equity f. Pald selling expenses Assets Liabilities Stockholders' equity g. Paid employee pension expenses for the current year Assets Liabilities Stockholders' equity h. Received cash from selling manufacturing equipment for a gain an the sale. Assets Liabilities Stockholders' equity i. Paid officer salaries Assets Liabilities Stockholders' equity j. Paid taxes Assets Liabilities Stockholders' equity k. Paid off lang-term debt. Assets Liabilities Stockholders' equity I. Paid dividends Assets Liabilities Stockholders' equity Check My Work 3 more Check My Work uses remeining Progress: 8/8 items