Presented below are three economic events. In each column, indicate whether the event increased, decreased, or had no effect on assets, liabilities, and stockholders’ equity. Assets Liabilities Stockholders’ Equity a. Purchased supplies on account. select between increased, decreased, or had no effect select between increased, decreased, or had no effect select between increased, decreased, or had no effect b. Received cash for performing a service. select between increased, decreased, or had no effect select between increased, decreased, or had no effect select between increased, decreased, or had no effect c. Expenses paid in cash.
