Use the following information to answer the questions.

Assume the November transactions for Hoover Co. are as follows:

a. Provided services of $15,600 on account b. Purchased supplies on account $800 c. Received cash of $10,900 from clients for services previously billed d. Paid $2,400 for a one-year insurance policy e. Paid dividends of $1,500 to stockholders

Record the transactions, using the integrated financial statement framework that follows:

Assets = Liabilities + Stockholders' Equity

For transaction C, what is the effect of the transaction on the accounting equation? (Points : 3)

Cash is increased $10,900, Accounts Receivable is decreased $10,900 Cash is increased $10,900, Capital Stock increased $10,900 Cash is increased $10,900, Note Payable is decreased $10,900 Cash is increased $10,900, Retained Earnings is increased $$10,900

Question 2.2.Use the following information to answer the questions.

Assume the November transactions for Hoover Co. are as follows:

a. Provided services of $15,600 on account b. Purchased supplies on account $800 c. Received cash of $10,900 from clients for services previously billed d. Paid $2,400 for a one-year insurance policy e. Paid dividends of $1,500 to stockholders

Record the transactions, using the integrated financial statement framework that follows:

Assets = Liabilities + Stockholders' Equity

For transaction D, what is the effect of the transaction on the accounting equation? (Points : 3)

Cash is increased $2,400, Retained Earnings is decreased $2,400 Cash is decreased $2,400, Prepaid Insurance is increased $2,400 Cash is decreased $2,400, Retained Earnings is increased $2,400 Cash is increased $2,400, Equipment is decreased $2,400

Question 3.3.Use the following information to answer the questions.

Assume the November transactions for Hoover Co. are as follows:

a. Provided services of $15,600 on account b. Purchased supplies on account $800 c. Received cash of $10,900 from clients for services previously billed d. Paid $2,400 for a one-year insurance policy e. Paid dividends of $1,500 to stockholders

Record the transactions, using the integrated financial statement framework that follows:

Assets = Liabilities + Stockholders' Equity

For transaction A, what is the effect of the transaction on the accounting equation? (Points : 3)

Cash is increased $15,600, Accounts Receivable is increased $15,600 Accounts Receivable is increased $15,600, Retained Earnings is increased $15,600 Accounts Payable is increased $15,600, Retained Earnings is increased $15,600 Cash is decreased $15,600, Accounts Receivable is decreased $15,600

Question 4.4.

Use the following information to answer the questions.

Assume the November transactions for Hoover Co. are as follows:

a. Provided services of $15,600 on account b. Purchased supplies on account $800 c. Received cash of $10,900 from clients for services previously billed d. Paid $2,400 for a one-year insurance policy e. Paid dividends of $1,500 to stockholders

Record the transactions, using the integrated financial statement framework that follows:

Assets = Liabilities + Stockholders' Equity

For transaction B, what is the effect of the transaction on the accounting equation? (Points : 3)

Supplies is decreased $800, Note Payable is decreased $800 Cash is decreased $800, Supplies is increased $$800 Supplies is increased $800, Accounts Payable is increased $800 Cash is decreased $800, Note Payable is decreased $800

Question 5.5.Use the following information to answer the questions.

Assume the November transactions for Hoover Co. are as follows:

a. Provided services of $15,600 on account b. Purchased supplies on account $800 c. Received cash of $10,900 from clients for services previously billed d. Paid $2,400 for a one-year insurance policy e. Paid dividends of $1,500 to stockholders

Record the transactions, using the integrated financial statement framework that follows:

Assets = Liabilities + Stockholders' Equity

For transaction E, what is the effect of the transaction on the accounting equation? (Points : 3)

Cash is decreased $1,500, Note Payable is decreased $1,000 Cash is decreased $1,500, Capital Stock is decreased $1,500 Cash is decreased $1,500, Retained Earnings is decreased $1,500 Cash is increased $1,500, Retained Earnings is increased $1,500