For each of the following transactions,indicate the impact on the accounting equation as a result of recording the related journal entry.Include an entry in each column for each transactions,whether an increase (+),decrease (-),or no effect (NE).The first transaction is shown as an example.
Definitions:
Intent to Convey
The legal determination or declaration of a party's intention to transfer rights, property, or interest from one to another.
Soil
The top layer of the Earth's surface, consisting of rock and mineral particles mixed with organic matter, which supports plant life.
Waters Contained
Bodies of water that are held or confined within a certain area, as in reservoirs, tanks, or naturally contained basins.
Assignee of a Lease
The party to whom lease rights and obligations are transferred, assuming the role of the original lessee.
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