For each transaction numbered 1 through 12 below, identify its effect on the accounting equation by selecting from a through h below. You may use each letter more than once or not at all.

Correct Answer:
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Q82: Total assets, liabilities, and shareholders' equity are
Q86: Total assets, liabilities, and shareholders' equity are
Q86: Houston Times Publishing Inc. sells two-year magazine
Q87: Wages Payable on January 1 equals $12,000.
Q89: For each of the transactions listed in
Q90: Ohio Company, a corporation, began operations
Q92: Mingo Company has been in business
Q93: Total assets, liabilities, and shareholders' equity are
Q94: Total assets, liabilities, and shareholders' equity are
Q95: Retained earnings on January 1 and December
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