For Each of the Following, Indicate Whether the Transaction Increased

question 234

Essay

For each of the following, indicate whether the transaction increased (+), decreased (-), or had no effect (NE) on assets, liabilities, and equity using the following format.
Assets = Liabilities + Equity
1. Issued ordinary shares 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:

Blood

A vital fluid in the body that delivers necessary substances such as nutrients and oxygen to the cells and transports metabolic waste products away from those same cells.

Coagulates

The process by which a fluid, especially blood, changes to a solid or semi-solid state, often to stop bleeding.

Vessel Wall

The structural boundary of blood vessels consisting of layers including the endothelium, smooth muscle, and connective tissue.

Thrombus

A blood clot that forms on the inside of an injured blood vessel wall.