Chapter 2, Problem 2.6E

Effects of transactions on stockholders’ equity
For Target Corporation (TGT), indicate whether the following transactions would (1) increase, (2) decrease, or (3) have no effect on stockholders’ equity.
a. Borrowed money front the bank.
b. Paid creditors.
c. Made cash sales to customers.
d. Purchased store equipment.
e. Paid dividends.
f. Paid store rent.
g. Paid interest expense.
h. Sold store equipment at a gain.
i. Received interest revenue.
j. Paid taxes.