Question: Presented below are three economic events. On a sheet of paper, list the letters (a), (b), and (c) with columns for assets, liabilities, and stockholders' equity. In each column, indicate whether the event increased (+), decreased (-), or had no effect (NE) on assets, liabilities, and stockholders' equity.
(a) Purchased supplies on account.
(b) Received cash for performing a service.
(c) Expenses paid in cash.