Cornerstone Exercise 2-24 (Algorithmic) Transaction Analysis Aziz Company entered into the following transactions a. Performed services on account, $28,425 b. Collected $5,200 from client related to services performed in a Paid $1,500 dividend to shareholders d. Paid salaries of $3,500 for the current month Required: show the effect of each transaction wing the fotowing model. For thate boxes in which no entry is required, leave the box bunk. Enter decreases in account values as negative rumbers. If the eleder transaction is to increase ANO decrease the same tem esset, Y),enter ounce the net effect on the temir Assets Liabilities Shareholders' Equity Share Retained Capital Earnings a. . C Which of the following statements is characteristic of double-entry accounting? Oa. Each recorded transaction will affect both sides of the accounting equation. Ob. Transactions should be recorded first in units, then in dollars. Oc. Each recorded transaction will affect at least two accounts. Od. For each transaction, the number of accounts debited must be equal to the number of accounts credited