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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

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2.

Paid monthly rent.

select the effect on an account item

image text in transcribed

3.

Received cash from customers when service was performed.

select the effect on an account item

image text in transcribed

4.

Billed customers for services performed.

select the effect on an account item

image text in transcribed

5.

Paid dividend to stockholders.

select the effect on an account item

image text in transcribed

6.

Incurred advertising expense on account.

select the effect on an account item

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7.

Received cash from customers billed in (4).

select the effect on an account item

image text in transcribed

8.

Purchased additional equipment for cash.

select the effect on an account item

image text in transcribed

9.

Purchased equipment on account.

select the effect on an account item

image text in transcribed

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