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:

Anorexia Nervosa

An eating disorder characterized by an obsessive fear of gaining weight, leading to severely restricted food intake and starvation in pursuit of thinness.

Therapy

Treatment intended to relieve or heal a disorder, often by psychological rather than medical means.

Cognitive-Behaviour Therapy

A psychotherapeutic approach that addresses dysfunctional emotions, maladaptive behaviors, and cognitive processes through a number of goal-oriented, explicit systematic procedures.

Bulimia

An eating disorder characterized by episodes of binge eating followed by compensatory behaviors such as purging.