Question $6$ of $10$

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For each of the transactions below, indicate whether the accounts affected are increased or decreased:

a$.$ Sold shares for cash.

Cash$(A)$

Common Shares $($SE$)$

b$.$ Borrowed money from a bank

Cash$(A)$

Bank Loan Payable $(L)$

c$.$ Bought equipment from a supplier on credit.

Equipment$($A$)$

Accounts Payable $($L$)$

d$.$ Bought inventory from a supplier, partly for Inventory $($A$)$ cash and partly on account.

Cash$(A)$

Accounts Payable $($L$)$

e$.$ Sold inventory to a customer on account. $($Hint:

Accounts Receivable Your answer should deal with both the revenue

$($A$)$

and the related expense.$)$

Sales Revenue $($SE$)$

Cost of Goods Sold $($SE$)$