Daniel decides to open a restaurant that will operate as a corporation. Analyze the following transactions for the month of May in terms of their effect (increase, decrease or no effect) on the three elements of the Balance Sheet. Fill in each blank with Increase, Decrease, or No Effect.

QUESTION 4 Chapters 2 and 3 Transaction Analysis (ALSE): Danelecides to open that will operates a corporation Analyse the following transactions for the month of May in terms of the effect increase, decrease or no effect on the three elements of the Balance Sheet in each bank with increase offer Dont lave any blank empty.interpret mot blanks as you don't know the answer pt Asset Liability Stockholders Equity Increase No effect Daniel 535.000 cash in exchange for common stock to start restaurant business on May 1 increase Increase No effect Pachequent for 54.000 paying 12.000 in cash and the der det sy have Purchased sols for $1.200 ch No effect Notted No effect vedrum Das News for 5200 for advertising in the ince Noelect Decev No effect Increase Sormustomers for purced to 1.500 Increase 1200 w woners Decrease Ne efect Decrease Increase 300 come, but not yet No elect Das wstor adverghat was previously billed Decrease Decrease No elect 100 Decre Decrease No affect Increase Decev per for them or Mayon account Share 1500 Na effect QUESTION 4 Chapters 2 and 3 Transaction Analysis (A - L+SE): Daredeodes to open a restaurant that wil operate as a corporation Analyse the following transactions to the month of win terms of their effect (increase decrease or no election the threements of Balance Sheet. Filinch blank with increase. Derase.or"No Effects. Don't leave any blank empty interest rates as you don't know the answer Transaction Asset abrity Stockholder's Equity Danielsvest 525.000 cash in exchange for common stock to start restaurant business on May ! Increase No effect v Increase 2. Purchased equipment for $4.000 paying $2,000 in cash and the remainder die in days. Increase Increase No effect Purchmed suppies for $1.200 cath. No effect No effect No effect Received a bill from Dallas News for $200 for advertising in the newspaper, but not paid yet No affect Increate Decev 5. Cash receipts from customers for piezas mounted to $1.500 No effect Increase Increase kPadalaries of $200 to student workers Decrease No effect Decrease Increase 7 Delivered as worth $100 tostomers, but not got paid yet Increase No affect pad 200 te Dallas Mews for that was previously killed in Transaction Decrease Decreate No affect Decrease Pald dividends of $1.300 No effet Decrease 10 incurred ubity expenses for the oth of Mayon account theerlipad ye 100 Ne afect Increase Decrease