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For the following list of transactions, complete the table using ASPE and indicate (1) Increase, (D) Decrease, or (NE) No Effect Assets Liabilities Shareholders' Net
For the following list of transactions, complete the table using ASPE and indicate (1) Increase, (D) Decrease, or (NE) No Effect Assets Liabilities Shareholders' Net Equity Income INE NE Accrued vacation pays Example 1. 2. 3. Income tax instalments paid in excess of the income tax liability on the year's income Service-type warranties issued on appliances sold A bank overdraft, with no other accounts at the same financial institution Employee payroll deductions unremitted Accrued but unpaid bonus to a corporate officer A deposit received from a customer to guarantee performance of a contract Sales tax payable 4. 5. 6. 7
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