To show your understanding of the effects of each of the named transactions on the assets, liabilities, and stockholders' equity of a business, fill in the blank in each column with either + (for increase), - (for decrease), or 0 (for no change).

These are the answers I chose. Are they correct? Thank you.

Assets = (A) Liabilities =(L) Stockholders' Equity = (S)

a. Stockholders invested cash in the business: (A)+ (L)0 (S)+

b. Borrowed money from a bank: (A)+ (L)+ (S)0

c. Purchased equipment on credit: (A)+ (L)+ (S)0

d. Rendered services for cash: (A)+ (L)- (S)-

e. Paid creditor in (c): (A)0 (L)- (S)0

f. Paid monthly rent: (A)+ (L)0 (S)-

g. Rendered services for which the customer promised to pay at a later date: (A)+ (L)0 (S)+