Based on the following list of transactions, indicate their effect on Divine Dogs assets, liabilities and equity for his one month of operations.
A. Divine buys a cooler and a George Foreman grill for $1,200 cash.
B. Divine takes out a loan for $3,200.
C. Divine buys 600 hot dogs at $0.50 each, 500 buns at $0.20 each, 800 cans of soft drinks at $0.50 each and a huge bottle of ketchup for $50.
D. Divine sells 160 hot dog / drink combos for $8 each.
E. Divine records the product cost for the sales in (D) above, including ketchup, at $1.50 each.
F. Divine pays his hot dog salesmen $800 for the month.
G. Divine pays $80 of his loan.

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The Answer of Based on the following list of transactions, indicate their effect on Divine Dogs assets, liabilities and equity for his one month of operations.
A. Divine buys a cooler and a George Foreman grill for $1,200 cash.
B. Divine takes out a loan for $3,200.
C. Divine buys 600 hot dogs at $0.50 each, 500 buns at $0.20 each, 800 cans of soft drinks at $0.50 each and a huge bottle of ketchup for $50.
D. Divine sells 160 hot dog / drink combos for $8 each.
E. Divine records the product cost for the sales in (D) above, including ketchup, at $1.50 each.
F. Divine pays his hot dog salesmen $800 for the month.
G. Divine pays $80 of his loan.

Based on the Following List of Transactions, Indicate Their Effect