The Following Transactions Occurred at Clarkson Company:
1 1
2
3

question 1

Essay

The following transactions occurred at Clarkson Company:
1.The company acquired $200 of inventory on credit.
2.The company rendered services billed at $100 on account.
3.The company paid $175 in accounts payable.
4.The company's owner invested $375 in cash.
5.The company acquired equipment costing $575 on account.
6.The company paid $25 for inventory.
Required:
In the chart below,indicate if each transaction increases,decreases or has no effect on Assets,Liabilities and Stockholders' Equity.
$\begin{array} { l l l l } \text { Transaction } & \text { Assets } & \text { Liabilities } & \text { Stockholders' Equity } \\ & \text { Increase } & \text { Increase } & \text { No effect } \end{array}$
1.
2.
3.
4.
5.
6.

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Definitions:

Desire For Power

A strong motivation to have control or influence over others or situations.

Sadistic Tendencies

A psychological pattern characterized by deriving pleasure from inflicting pain, suffering, or humiliation on others.

Sexual Consent

An agreement between participants to engage in sexual activity, characterized by informed, freely given, and mutual approval.

Behavioral Interpretations

The process of understanding actions and behaviors through the analysis of underlying psychological mechanisms and social contexts.