Accounting – Indicate how each business transaction affects the basic accounting equation.

| January 30, 2017

Question
a

Indicate how each business transaction affects the basic accounting equation.

(a) Paid cash for janitorial services. Increase Assets and Increase Stockholders’ EquityIncrease Assets and Decrease AssetsDecrease Assets and Increase LiabilitiesIncrease Assets and Decrease LiabilitiesIncrease Assets and Decrease Stockholders’ EquityIncrease Assets and Increase LiabilitiesDecrease Assets and Decrease Stockholders’ EquityDecrease Liabilities and Increase LiabilitiesDecrease Assets and Decrease LiabilitiesDecrease Assets and Increase Stockholders’ Equity
(b) Purchased equipment for cash. Decrease Liabilities and Increase LiabilitiesDecrease Assets and Increase LiabilitiesDecrease Assets and Decrease LiabilitiesIncrease Assets and Decrease LiabilitiesIncrease Assets and Decrease Stockholders’ EquityIncrease Assets and Increase LiabilitiesDecrease Assets and Decrease Stockholders’ EquityIncrease Assets and Increase Stockholders’ EquityDecrease Assets and Increase Stockholders’ EquityIncrease Assets and Decrease Assets
(c)
Issued common stock to investors in exchange for

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