Selected transactions for Thyme Advertising Company, Inc are listed here Describe the effect of each transaction on assets, liabilities, and stockholders equity 1 Issued common stock to investors in exchange for cash received from investors select the effect on an account item Increase in assets and increase in stockholders equity Increase in liabilities and decrease in stockholders equity Increase in assets and decrease in assets Decrease in liabilities and increase in stockholders' equity Decrease in assets and decrease in liabilities Increase in liabilities and decrease in liabilitiesIncrease in assets and increase in liabilities Decrease in assets and decrease in stockholders equity 2 Paid monthly rent select the effect on an account item Decrease in assets and decrease in stockholders equity Increase in liabilities and decrease in stockholders equity Increase in assets and increase in liabilities Decrease in assets and decrease in liabilities Increase in liabilities and decrease in liabilitiesDecrease in liabilities and increase in stockholders' equity Increase in assets and increase in stockholders equity Increase in assets and decrease in assets 3 Received cash from customers when service was performed select the effect on an account item Increase in liabilities and decrease in liabilitiesDecrease in assets and decrease in liabilities Increase in assets and increase in liabilities Decrease in assets and decrease in stockholders equity Increase in assets and increase in stockholders equity Increase in assets and decrease in assets Increase in liabilities and decrease in stockholders equity Decrease in liabilities and increase in stockholders' equity 4 Billed customers for services performed select the effect on an account item Increase in liabilities and decrease in stockholders equity Increase in assets and decrease in assets Increase in assets and increase in stockholders equity Decrease in liabilities and increase in stockholders' equity Decrease in assets and decrease in liabilities Decrease in assets and decrease in stockholders equity Increase in assets and increase in liabilities Increase in liabilities and decrease in liabilities 5 Paid dividend to stockholders select the effect on an account item Increase in assets and decrease in assets Increase in assets and increase in stockholders equity Increase in liabilities and decrease in stockholders equity Increase in liabilities and decrease in liabilitiesDecrease in liabilities and increase in stockholders' equity Decrease in assets and decrease in stockholders equity Increase in assets and increase in liabilities Decrease in assets and decrease in liabilities 6 Incurred advertising expense on account select the effect on an account item Increase in assets and decrease in assets Increase in liabilities and decrease in stockholders equity Decrease in assets and decrease in stockholders equity Decrease in liabilities and increase in stockholders' equity Increase in liabilities and decrease in liabilitiesIncrease in assets and increase in stockholders equity Increase in assets and increase in liabilities Decrease in assets and decrease in liabilities 7 Received cash from customers billed in (4) select the effect on an account item Increase in liabilities and decrease in stockholders equity Decrease in assets and decrease in stockholders equity Decrease in liabilities and increase in stockholders' equity Increase in assets and increase in liabilities Increase in assets and decrease in assets Increase in assets and increase in stockholders equity Decrease in assets and decrease in liabilities Increase in liabilities and decrease in liabilities 8 Purchased additional equipment for cash select the effect on an account item Increase in liabilities and decrease in stockholders equity Decrease in liabilities and increase in stockholders' equity Decrease in assets and decrease in liabilities Increase in liabilities and decrease in liabilitiesIncrease in assets and increase in liabilities Increase in assets and decrease in assets Increase in assets and increase in stockholders equity Decrease in assets and decrease in stockholders equity 9 Purchased equipment on account select the effect on an account item Decrease in liabilities and increase in stockholders' equity Increase in assets and increase in stockholders equity Increase in assets and increase in liabilities Decrease in assets and decrease in liabilities Decrease in assets and decrease in stockholders equity Increase in assets and decrease in assets Increase in liabilities and decrease in liabilitiesIncrease in liabilities and decrease in stockholders equity

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Posted on Sep 11, 2024

Selected transactions for Thyme Advertising Company, Inc. are listed here. Describe the effect of each transaction on assets, liabilities, and stockholders equity. 1. Issued common

Selected transactions for Thyme Advertising Company, Inc. are listed here. Describe the effect of each transaction on assets, liabilities, and stockholders equity.

1.	Issued common stock to investors in exchange for cash received from investors.	select the effect on an account item Increase in assets and increase in stockholders equity.Increase in liabilities and decrease in stockholders equity.Increase in assets and decrease in assets.Decrease in liabilities and increase in stockholders' equity.Decrease in assets and decrease in liabilities.Increase in liabilities and decrease in liabilitiesIncrease in assets and increase in liabilities.Decrease in assets and decrease in stockholders equity.
2.	Paid monthly rent.	select the effect on an account item Decrease in assets and decrease in stockholders equity.Increase in liabilities and decrease in stockholders equity.Increase in assets and increase in liabilities.Decrease in assets and decrease in liabilities.Increase in liabilities and decrease in liabilitiesDecrease in liabilities and increase in stockholders' equity.Increase in assets and increase in stockholders equity.Increase in assets and decrease in assets.
3.	Received cash from customers when service was performed.	select the effect on an account item Increase in liabilities and decrease in liabilitiesDecrease in assets and decrease in liabilities.Increase in assets and increase in liabilities.Decrease in assets and decrease in stockholders equity.Increase in assets and increase in stockholders equity.Increase in assets and decrease in assets.Increase in liabilities and decrease in stockholders equity.Decrease in liabilities and increase in stockholders' equity.
4.	Billed customers for services performed.	select the effect on an account item Increase in liabilities and decrease in stockholders equity.Increase in assets and decrease in assets.Increase in assets and increase in stockholders equity.Decrease in liabilities and increase in stockholders' equity.Decrease in assets and decrease in liabilities.Decrease in assets and decrease in stockholders equity.Increase in assets and increase in liabilities.Increase in liabilities and decrease in liabilities
5.	Paid dividend to stockholders.	select the effect on an account item Increase in assets and decrease in assets.Increase in assets and increase in stockholders equity.Increase in liabilities and decrease in stockholders equity.Increase in liabilities and decrease in liabilitiesDecrease in liabilities and increase in stockholders' equity.Decrease in assets and decrease in stockholders equity.Increase in assets and increase in liabilities.Decrease in assets and decrease in liabilities.
6.	Incurred advertising expense on account.	select the effect on an account item Increase in assets and decrease in assets.Increase in liabilities and decrease in stockholders equity.Decrease in assets and decrease in stockholders equity.Decrease in liabilities and increase in stockholders' equity.Increase in liabilities and decrease in liabilitiesIncrease in assets and increase in stockholders equity.Increase in assets and increase in liabilities.Decrease in assets and decrease in liabilities.
7.	Received cash from customers billed in (4).	select the effect on an account item Increase in liabilities and decrease in stockholders equity.Decrease in assets and decrease in stockholders equity.Decrease in liabilities and increase in stockholders' equity.Increase in assets and increase in liabilities.Increase in assets and decrease in assets.Increase in assets and increase in stockholders equity.Decrease in assets and decrease in liabilities.Increase in liabilities and decrease in liabilities
8.	Purchased additional equipment for cash.	select the effect on an account item Increase in liabilities and decrease in stockholders equity.Decrease in liabilities and increase in stockholders' equity.Decrease in assets and decrease in liabilities.Increase in liabilities and decrease in liabilitiesIncrease in assets and increase in liabilities.Increase in assets and decrease in assets.Increase in assets and increase in stockholders equity.Decrease in assets and decrease in stockholders equity.
9.	Purchased equipment on account.	select the effect on an account item Decrease in liabilities and increase in stockholders' equity.Increase in assets and increase in stockholders equity.Increase in assets and increase in liabilities.Decrease in assets and decrease in liabilities.Decrease in assets and decrease in stockholders equity.Increase in assets and decrease in assets.Increase in liabilities and decrease in liabilitiesIncrease in liabilities and decrease in stockholders equity.