Indicate the effect of each of the following transactions for the current month on assets-A, liabilities-L, and Stock holders equity-SH by inserting + for increase and - for decrease in the appropriate columns at the right. HINT: There has to be a + or or two + or for each transaction. Sometimes only an A or a L are affected such as received cash on account; it is an A (+) and (-). SH equity is increased (+) by revenue and decreased (-) by an expense. DESCRIPTIONS A L SH 0. Paid wage expenses to employees(it reduces cash a so it is a for a decrease and it is wages expense which is a decrease or a - to SH Equity) - - 0. Received interest income on a bond investment - closed to SH) + +

1. Received cash for fees earned.

2. Received cash from selling common stock.

3. Purchased Treasury Stock for $120,000

4. Charged customers for fees earned on account..

5. Paid cash to customer who was overcharged for fees earned for cash...

6. Declared and paid cash dividends to stockholders.

7. Received cash for supplies sold to employee at the orginal cost

8. Paid cash for interest on bond payable..

9. Recorded cost of supplies used during the month..

10. Declared a cash dividend of .10 per share

11. Retired Bonds Payable by paying $50,000..

12. Received cash from bond investment