Gulf Corp. recorded the following transactions during September Indicate whether each transaction would cause an increase (+), decrease (-), or has no effect (NE) on each of the components of the accounting equation. If a transaction causes a decrease in one component of the accounting equation and also an increase in the same component but in a different account, select (+/-) Assume a perpetual inventory system a) Received a $5,400 credit memorandum acknowledging the return of merchandise purchased earlier b) Gulf Corp. purchased merchandise for $5,400 cash, FOB destination c) Received the balance due for an earlier sale (beyond the discount period), d) Paid the balance due on an earlier purchase (beyond the discount period) e) Gulf Corp purchased merchandise for $8,600 under credit terms of 2/15, n/30, FOB destination Paid $150 shipping charges related to an earlier sale. g) Paid $375 shipping charges related to an earlier purchase of merchandise h) Gulf Corp.'s merchandise was sold for $3,200 under credit terms of 2/10, n/30, FOB factory. The cost of the merchandise was $1,760, i) A customer requested a price reduction on an earlier sale because the merchandise did not meet specifications Sent a credit memorandum for $7,400 to resolve the issue. Paid the balance due on an earlier purchase (within the discount period) k) Gulf Corp purchased merchandise on credit, terms 2/10, n/20, $1,700, FOB factory 1) Paid $400 shipping charges related to an earlier sale m) Issued a $600 credit memorandum to a customer for an allowance on goods sold earlier n) Gulf Corp 's merchandise that cost $1,800 was sold for $3,000 under credit terms of 2/10, n/30, FOB destination o) After negotiations with a supplier concerning problems with the merchandise purchased earlier, received a credit memorandum granting a price reduction of $14,700 ALE