Indicate whether the terms of the accounting equation will increase, decrease or stay the same for each transaction by placing a + or - in the appropriate space. If an item is not changed by the transaction, leave the space blank.

Transaction Assets = Liabilities + Net Worth

Deposited salary earned Purchased a new TV on credit. Received a cash gift. Purchased fuel for car on credit. Made a loan payment including interest. Received cash from a student loan. Received a paycheque.