Indicate whether each of the following types of transactions will (a) increase stockholders’ equity…
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Indicate whether each of the following types of transactions will (a) increase stockholders’ equity or (b) decrease stockholders’ equity:
1. Issued capital stock for cash.
2. Received cash for fees earned.
3. Paid cash for rent expense.
4. Paid cash dividends.
5. Paid cash for utilities expense.