For each of the items below, indicate whether the transaction increased equity, decreased equity, or has no effect on equity. v Paid a vendor invoice. v Sold stock to the public. v Paid rent. A. No effect B. Increase C. Decrease Received a check from a customer to pay their account. Sold merchandise on account. Sold merchandise for cash. Bought inventory on account. v Recorded a decline in inventory value. v Sold equipment for more than its book value. Recorded compensated absences.

Please do not give solution in image format thanku

The following is list of accounts each represented by letter(s).  A Accounts Payable   U Loss from discontinued operations B Accounts Receivable   V Losses due to fire E Accumulated Depreciation-Equip   W Merchandise Inventory F Bonds Payable   X Notes Payable G Cash   Y Premium on Bonds Payable H Cost of Goods Sold   Z Rent Expense I Capital Lease Payable   AA Rent Revenue J Discount on Bonds Payable   BB Retained Earnings K Equipment   EE Salaries and Wages Payable L Federal Income Tax Withheld Payable   FF Sales Returns M Federal Unemployment Taxes Payable   GG Sales Revenues N FICA Taxes Payable   HH Sales Taxes Payable O Income Summary   II Shipping Expense P Income Taxes Payable   JJ State Income Tax Withheld Payable Q Interest Expense   KK State Unemployment Taxes Payable R Interest Payable   LL Supplies S Land   MM Tax Expense T Land Improvement   NN Unearned Rent Revenue Example of Answer:  G4000D,B2000D,GG5000C,HH1000CWhere G denotes…

If an investor sells merchandise to an investee and the investee resells all of the items to outside parties in the same period, what equity method entry is required?\\nSelect one:\\nA. No equity method entry is required, since the gross profit is realized.\\nB. The entire gross profit is deferred with a credit to Equity Income and Debit to Equity Investment\\nC. The entire gross profit is deferred with a debit to Equity Income and credit to Equity Investment.\\nD. The investor's percentage of the gross profit is deferred with a debit to Equity Income.