"INSTRUCTIONS - Below is a list of thirteen (13) activities. For each activity, indicate whether the transaction increases (INC), decreases (DEC) or has no effect (NE) on assets, liabilities, and stockholders' equity. Type your answer using the abbreviations shown or use the drop-down list provided. Boxes left blank will be marked incorrect."

Transaction	Assets	Liabilities	Stockholders' Equity
1. Obtained a loan at the bank
2. Provided health services for cash and on account.
3. Collected on accounts receivable
4. Issued shares of common stock in exchange for cash.
5. Paid salaries for the current year.
6. Paid utilities of which part represents costs for the prior year and part are costs for the current year.
7. Received cash in advance from customers.
8. Paid cash dividends to stockholders.
9. Lent an employee cash and a note was signed requiring principal and interest
10. Received cash for interest that had not been accrued.
11. Incurred utility expenses for month on account
12. Paid rent in advance for next year
13. Accrued interest on note payable