ced E/1Y Add 37. Shiny Kar Company had the following transactions. For each transaction, show the effect on the accounting equation by putting the amount and direction (+, -, or NC for no change) in...

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Extracted text: ced E/1Y Add 37. Shiny Kar Company had the following transactions. For each transaction, show the effect on the accounting equation by putting the amount and direction (+, -, or NC for no change) in each box of the table below. Owner's Assets Liabilities Equity I. (a) Shiny Kar withdrew $500 cash for food (b) Shiny Kar Company sold 2 cars for a total of $55,000 on account (c) Shiny Kar received a $35,000 payment for a car previously sold on account (d) Shiny Kar paid $450 for advertising (e) Shiny Kar purchased $150 of cleaning supplies on account