For Each of the Following Items Indicate Whether the Transactions

question 26

Essay

For each of the following items indicate whether the transactions listed below increased (+), decreased (-) or had no effect (0) by inserting the appropriate symbol.
? $\begin{array}{|l|l|c|c|c|c|c|} \hline&&\text { Net } &&&\text { Owners' }& \text { Cash } \\ &&\text { Income } & \text { Assets } & \text { Liab. } & \text { Equity }&\text { Flows }\\\hline\text { (a) } & \text { Record depreciation expense } & \\\hline \text { (b) } & \text { Sold equipment for cash at a } & \\&\text { loss } & \\\hline \text { (c) } & \text { Recorded loss on impaired } & \\ & \text { goodwill } \\\hline \text { (d) } & \text { Recorded depletion expense } & \\\hline & \text { Recorded a capital } \\\text { (e) } & \begin{array}{l}\text { expenditure and issued a note } \\\text { payable }\end{array} & \\\hline\end{array}$

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Definitions:

Debt Transactions

Financial operations involving the borrowing and lending of funds, where repayment is required, often with interest.

Conventional

Pertaining to widely accepted standards or methods.

Use

The act of employing something for a particular purpose.

Mortgages

Loans used to purchase a property, where the property itself serves as security against the loan.