Answer & Explanation:
1.- Increase in assets and equity
(cash is asset and common stockequity)
2.- no effect
(one asset cash is rtaded for another, supplies)
3.- Decrease in Assets and Equity
(expense decrease the cash (assets) and equity (income))
4.- Decrease in Assets and Equity
(expense decrease the cash (assets) and equity (income))
5.- Increase in assets and equity
(cash increase equity increase (service revenue))
6.- Increase in assets and equity
(account receivable increase equity increase (service revenue))
7.- Decrease in Assets and Liablity
(ap decrease and cash decrease)
8.- no effect
(one asset increases cash. Another decreases, account receivable)
9.- Decrease in Assets and Equity
(expense decrease the suppplies (assets) and equity (income))
10.- Decrease in Assets and Equity
(less cash less retained earnings)
