Fall 2018: Financial Accounting Saray Zarate&19/18/18 337 PM Homework: Chapter 1 Score: 0 of 1 pt 12 of 21 (20 complete) Hw Score: 77.37%, 16.25 of 21 pts E1-27 (book/static) Question Help Indicate the effects of the following business transactions on the accounting equation for Sam's Snack Foods, a suppler of snack foods. Transaction (a) is answered as a guide (Click the icon to view the transactions) a. Sams Snack Foods received cash from issuance of common stock to stockholders a Increase asset(Cash) b. Cash purchase of land for a building site. More Info Increase equity (Common Stock) Sams Snack Foods received cash from issuance of common stock to Cash purchase of land for a building ste c. Paid cash on accouris payable. d. Purchased equipment, signed a note payable e. Performed service for a customer on account t. Employees worked for the week but will be paid next Tuesday g Received cash from a customer on accounts receivable h. Borrowed money from the bank L Cash dividends paid to stockholders Incurred utlites expense on account Print Done Choose from any drop-down list and then click Check Answer 8 pansining Clear All 3 5 6 7 8