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I'm having a hard time with the following as we need to indicate their effect on the basic accounting equation. We need to use (+)
I'm having a hard time with the following as we need to indicate their effect on the basic accounting equation. We need to use (+) to indicate an increase and (-) to indicate a decrease. Select NE if there is no effect. So for Asset, Liabilities and Equity for the following:
Declared a dividend on common stock
Purchased office equipment using payables
Issued stock for cash
Billed customers for services provided
Paid cash for daughter's wedding
Signed a capital lease for a 15-ton tractor
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