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Exercise 163 Transactions for the Hartman Company for the month of November are presented below. Indicate with the appropriate options whether each of the transactions
Exercise 163 Transactions for the Hartman Company for the month of November are presented below. Indicate with the appropriate options whether each of the transactions results in: (a) An increase in assets and a decrease in assets. (b) An increase in assets and an increase in stockholders' equity. (c) An increase in assets and an increase in liabilities. (d) A decrease in assets and a decrease in stockholders' equity. (e) A decrease in assets and a decrease in liabilities. (f) An increase in liabilities and a decrease in stockholders' equity. (g) An increase in stockholders' equity and a decrease in liabilities. 1. Stockholders invested an additional $40,000 cash in the business. 2. Purchased land costing $18,000 for cash Purchased equipment costing $45,000 3. for $4,500 cash and the remainder on credit. 4. Purchased supplies on account for $800. Paid $3,000 for a one-year insurance 5. policy. 6. Received $2,000 cash for services performed. Received $5,000 for services previously 7. performed on account. 8. Paid wages to employees for $2,500. 9. Paid dividends to stockholders of $400. Click if you would lik to Show Work for this question: Open Show Work
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