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Question 1 Presented below are a number of transactions. 1. Purchased equipment for cash 2. Completed the paperwork to hire a new employee; the employee
Question 1 Presented below are a number of transactions. 1. Purchased equipment for cash 2. Completed the paperwork to hire a new employee; the employee will start work next week 3. Fired the CEO. 4. Performed services on account. 5. A potential customer called to inquire about the avalability of a product with limited availability and you are sure they will call back to place an order within the week. Indicate whether each transaction increased (+), decreased (,or had no effect (NE) on assets, liabilities, and shareholders' equity. Assets Liabilitites Shareholders' Equity
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