For Each of the Following, Indicate Whether the Transaction Increased

question 38

Essay

For each of the following, indicate whether the transaction increased (+), decreased (-), or had no effect (NE) on assets, liabilities, and stockholders' equity using the following format.
Assets = Liabilities + Stockholders' Equity
1. Issued stock in exchange for cash.
2. Billed customers for services performed.
3. Purchased equipment on account.
4. Paid dividends.
5. Paid for equipment purchased in 3. above.

---

Definitions:

Average Number

A measure of central tendency calculated by summing all numbers in a set and then dividing by the count of those numbers.

Computing

The process or practice of utilizing computer technology to complete a task or solve a problem, involving both hardware and software components.

Customers

Individuals or businesses that purchase goods or services from a company.

FCFS System

First-Come, First-Served System, a processing sequence where the first item to arrive is the first to be processed, commonly used in queue management and scheduling.