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.

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Definitions:

Catatonic Schizophrenia

A subtype of schizophrenia characterized by extremes of behavior, including motor immobility, excessive motor activity, and echo of speech or movement.

Somatoform

A category of mental disorders characterized by physical symptoms that suggest illness or injury, but cannot be fully explained by a medical condition.

Physician

A professional who practices medicine, which involves promoting, maintaining or restoring health through the study, diagnosis, prognosis, and treatment of disease, injury, and other physical and mental impairments.

Physical Symptoms

Observable or tangible signs of a condition or disease, such as pain, fever, or a rash, in contrast to psychological symptoms.