eBook Show Me Effect of Transactions on Accounting Tation a. A vacant lot acquired for $549.500 is sold for $1.000,00 inch What is the elect of the sale on the total amount of meer(), (2), (3) the chantiert "No change from the dropdown and then enter the amount Effect Amount 1. Total Assets 2. Total Liabilities No Change 3. Stockholders' Couty Increased b. Assume that the sellerowes $154,000 on a loan for the land. After receving the $1.000,500 cash in the ears the $150.000wed. What the efect of the payment on the total amount of the wees) assets, (2) abities, and (3) stockholders equity? If there is no change de change from the dropdown and then enter a intentbox Consider any the mayor of the lawthout condente of the land Ettet Amount 1. As Decreased 2. Total abilities Dessed - 3. Stockholders' Equity No change c. Is it true that a transaction always affects at least two elements (Assets. Labies, or Sock olders tour of the accounting equation? NO My This activity involves singland and receiving cash in exchange Co do the fact