Identify the impact(s) of the following event on the accounting equation from the named company's point of view by checking all applicable responses for the transaction (mark at least 2 responses for each transaction, unless the correct response is "No entry"):

Event: a.Macy's buys inventory on account

b.Planet Fitness issues common stock in exchange for cash.

c.Panera pays an invoice for advertising services that ad been accrued during a prior period.

d.Live Nation collects money now for a concert coming up in 6 months.

e.Diamond Tours buys a bus for $250,000, making a $50,000 down payment and signing a 10% 3-year note for the balance.

Check All That Apply

• Assets UP

• Assets DOWN

• Liabilities UP

• Liabilities DOWN

• Equity UP

• Equity DOWN

• No entry