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Weber Inc. recorded the following transactions occurred during the month of April. Indicate whether each transaction would cause an increase ( + ), decrease (
Weber Inc. recorded the following transactions occurred during the month of April. Indicate whether each transaction would cause an increase ( + ), decrease ( - ), or has no effect (NE) on each of the components of the accounting equation. If a transaction causes a decrease in one component of the accounting equation and also an increase in the same component but in a different account, select ( +/- ). = L + E a) Travis Goodall (a shareholder), received share capital in Weber Inc., after investing $15,000 of equipment into the business. b) $1,000 of supplies purchased on credit in an earlier transaction were found to be defective. They were returned. c) Travis Goodall (a shareholder), received share capital in Weber Inc., after investing $65,000 of supplies into the business d) Travis Goodall, a shareholder of Weber Inc., received share capital after having transferred to the business a building worth $25,000 and the $3,000 remaining balance of the related short-term note payable. e) Weber Inc. returned $300 of defective supplies today that were originally purchased for cash. f) Furniture was rented by a customer for $1.200 on credit. g) The $750 bill for the advertising campaign that ran last week was received today. It will be paid within 30 days h) Weber Inc. spent $800 cash on supplies i) Weber Inc. purchased $3,000 of equipment on credit. j) Paid bi-weekly salaries of $9,000. k) Collected $900 regarding a credit customer's account 1) Weber Inc. provided $2,750 of consulting services for a customer who will pay within 30 days. m) Weber Inc purchased new equipment by paying $2.750 cash n) Weber Inc. bought $2.500 of equipment, using $500 cash and $2,000 on account o) Travis Goodall (a shareholder), received share capital in Weber Inc. after investing $20,000 cash and $10,000 worth of supplies in Weber Inc
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