Using the transactions in PB5-1, complete the following table by indicating the sign of the effect (+ for the increase, – for decrease, NE for no effect, and CD for cannot determine) of each transaction. Consider each item independently.
Transaction From PB5-1
a. Paid cash to purchase equipment costing $30,000.
b. Declared and paid a cash dividend totaling $40,000.
c. Recorded depreciation on property and equipment totaling $78,000.
d. Recorded cash admissions revenues of $450,000.