The following transactions occurred at Clarkson Company: 1. The company acquired $200 of inventory on credit.

2. The company rendered services billed at $100 on account.

3. The company paid $175 in accounts payable.

4. The company's owner invested $375 in cash.

5. The company acquired equipment costing $575 on account.

6. The company paid $25 for inventory.

Required: In the chart below, indicate if each transaction increases, decreases or has no effect on Assets, Liabilities and Stockholders' Equity. Transaction Assets Liabilities Stockholders' Equity

1. Increase Increase No effect

2

3

4

5

6