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For Each of the Following Transactions,indicate the Impact on the Accounting

Question 124

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For each of the following transactions,indicate the impact on the accounting equation as a result of recording the related journal entry.Include an entry in each column for each transactions,whether an increase (+),decrease (-),or no effect (NE).The first transaction is shown as an example.
 Transaction:  Purchase of irventory on credit  Issued a note payable  Repaid a note and interest at maturity  Record accrual of interest expense  Record accrual of wages expense  Collect in advance for sales of gift cards  Record redemption of gift cards  Record warranty expense  Record cost s incured for warranty work  Assets  Liabilities + Equity ++NE\begin{array}{l}\begin{array}{lll} \underline {\text { Transaction: }}\\ \text { Purchase of irventory on credit }\\ \text { Issued a note payable }\\ \text { Repaid a note and interest at maturity }\\ \text { Record accrual of interest expense }\\ \text { Record accrual of wages expense }\\ \text { Collect in advance for sales of gift cards }\\ \text { Record redemption of gift cards }\\ \text { Record warranty expense }\\ \text { Record cost s incured for warranty work }\\\end{array}\begin{array}{cccccc}\underline { \text { Assets }}&-&\underline {\text { Liabilities }}&+&\underline { \text { Equity }}\\+&&+&&\mathrm{NE}\\\\\\\\\\\\\\\\\\\\\end{array}\end{array}

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