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(1) O (3) O Increase asset Increase liability Increase equity Decrease asset Decrease liability O Decrease equity (2) O O (Accounts Payable) O (Accounts Receivable)
(1) O (3) O Increase asset Increase liability Increase equity Decrease asset Decrease liability O Decrease equity (2) O O (Accounts Payable) O (Accounts Receivable) O (Cash) O (Common Stock) O (Rental Revenue) o (Office Furniture) O (Office Supplies) (Rent Expense) Increase asset Increase liability Increase equity Decrease asset Decrease liability O Decrease equity (5) O (4) O O (Common Stock) O (Rental Revenue) O (Accounts Payable) o (Office Furniture) O (Accounts Receivable) O Office Supplies) O (Cash) O (Rent Expense) Increase asset Increase liability Increase equity O Decrease asset Decrease liability Decrease equity (6) O (Accounts Payable) (Accounts Receivable) O (Cash) O (Common Stock) O (Rental Revenue) O Office Furniture) O (Office Supplies) (Rent Expense) Decrease asset (9) O O (Common Stock) O (Rental Revenue) o (Office Furniture) o (Office Supplies) O (Rent Expense) (8) O (Accounts Payable) O (Accounts Receivable) O (Cash) Increase liability Increase equity Decrease asset Decrease liability O Decrease equity O Decrease equity Increase asset Increase liability Increase equity (Rental Revenue) (11) O O (12) (10) O O (Accounts Payable) O(Accounts Receivable) (Cash) O (Common Stock) o (Office Furniture) o (Office Supplies) (Rent Expense) Increase asset Increase liability Increase equity Decrease asset O Decrease liability Decrease equity O (Common Stock) O (Rental Revenue) O (Accounts Payable) O Office Furniture) (Accounts Receivable) O (Office Supplies) O (Cash) O (Rent Expense) (13) O Increase asset Increase liability Increase equity Decrease asset Decrease liability Decrease equity (14) O O (Common Stock) O (Rental Revenue) (Accounts Payable) O Office Furniture) O (Accounts Receivable) o (Office Supplies) (Cash) O (Rent Expense) (15) O O Increase asset Increase liability O Increase equity O Decrease asset Decrease liability Decrease equity (Rental Revenue) (16) O O (Common Stock) O (Accounts Payable) O Office Furniture) (Accounts Receivable) o (Office Supplies) (Cash) O (Rent Expense) (17) O O Increase asset Increase liability Increase equity Decrease asset O Decrease liability O Decrease equity (18) O O (Common Stock) O (Rental Revenue) (Accounts Payable) o (Office Furniture) O (Accounts Receivable) O Office Supplies) O (Cash) 0 (Rent Expense) (19) O (Rental Revenue) O Increase asset Increase liability Increase equity O Decrease asset Decrease liability Decrease equity (20) O O (Common Stock) (Accounts Payable) O Office Furniture) O (Accounts Receivable) O (Office Supplies) O (Cash) (Rent Expense) (21) O Increase asset Increase liability O Increase equity O Decrease asset O Decrease liability O Decrease equity 3. Indicate the effects of the following business transactions on the accounting equation of Vivian's Online Video store. Transaction (a) is answered as a guide. (Click the icon to view the transactions.) a. Received cash of $10,000 from issuance of common stock. a. Increase asset (Cash) ; Increase equity (Common Stock) b. Earned video rental revenue on account, $2,800. b. (1) (2) (3) (4) c. Purchased office furniture on account, $300. c. (5) d. Received cash on account, $400. d. (9) (10) ; (11) (12) e. Paid cash on account, $100. e. (13) (14) ; (15) (16) f. Rented videos and received cash of $200. f. (17) (18) : (19) (20) g. Paid monthly office rent of $1,000. g. (21) (22) : (23) (24) h. Paid $100 cash to purchase office supplies. h. (25) (26) ; (27) (28) 1: More Info a. Received cash of $10,000 from issuance of common stock. b. Earned video rental revenue on account, $2,800. c. Purchased office furniture on account, $300. d. Received cash on account, $400. e. Paid cash on account, $100. f. Rented videos and received cash of $200. g. Paid monthly office rent of $1,000. h. Paid $100 cash to purchase office supplies
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