Clipboard GO FS Font Alignment Number -18 X fx INSTRUCTIONS - Below is a list of thirteen (13) activities. For each activity, indicate whether the transaction increases (INC), decreases (DEC) or has no effect (NE) on assets, liabilities, and stockholders' equity. Type your answer using the abbreviations shown or use the drop-down list provided. 5 Boxes left blank will be marked incorrect. Assets Liabilities Stockholders' Equity Transaction 9 1. Obtained a loan at the bank 2. Provided health services for cash and on 10 account. 11 3. Collected on accounts receivable 4. Issued shares of common stock in 12 exchange for cash. 13 5. Paid salaries for the current year. costs for the prior year and part are costs for 14 the current year. 7. Received cash in advance from 15 customers. 16 8. Paid cash dividends to stockholders. 9. Lent an employee cash and a note was 17 signed requiring principal and interest 10. Received cash for interest that had not 18 been accrued. 11. Incurred utility expenses for month on 19 account 20 12. Paid rent in advance for next year 13. Accrued interest on note 21 payable+A9:A21 Ethical Statement Prob #1 Prob #2 Prob #3 Prob #4 Prob #5 Ready (+) Type here to search