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Use the following to answer questions 6-8 Analyze each transaction. Under each category in the accounting equation, indicate whether the transaction: A. increases, B. decreases,

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Use the following to answer questions 6-8 Analyze each transaction. Under each category in the accounting equation, indicate whether the transaction: A. increases, B. decreases, or C. has no effect. The item (a) is provided as an example. (a) Provided services to a customer on account. (Revenue increases causing Stockholders' Equity to increase, Assets increase, and no effect on Liabilities). 6. Collected from customers for services provided on account. 7. Incurred salaries for the month, will pay next week. 8. Purchased office equipment and will pay vendor later. Stockholders' Equity 2x (a) 6. VOX 7. X 8. Asset C Liability C IC B 9. At the beginning of January, the balance in the Retained Earnings account is $210,000 for BMJ Corporation. During the month of January BMI had the following external transactions

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