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Selected transactions for Thyme Advertising Company, Inc. are listed here Describe the effect of each...

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Question

Accounting

Selected transactions for Thyme Advertising Company, Inc. are listed here Describe the effect of each transaction on assets, liabilities, and stockholders equity.

1.

Issued common stock to investors in exchange for cash received from investors.

 select the effect on an account item

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2.

Paid monthly rent.

 select the effect on an account item

image
3.

Received cash from customers when service was performed.

 select the effect on an account item

image
4.

Billed customers for services performed.

 select the effect on an account item

image
5.

Paid dividend to stockholders.

 select the effect on an account item

image
6.

Incurred advertising expense on account.

 select the effect on an account item

image
7.

Received cash from customers billed in (4).

 select the effect on an account item

image
8.

Purchased additional equipment for cash.

 select the effect on an account item

image
9.

Purchased equipment on account.

 select the effect on an account item

image

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