Selected transactions for Green Lawn Care Company, Inc., are listed here:

1. Issued common stock to investors in exchange for cash received from investors.

2. Paid monthly rent.

3. Purchased equipment on account.

4. Billed customers for services performed.

5. Paid dividend to stockholders.

6. Received cash from customers billed in (4).

7. Incurred advertising expense on account.

8. Purchased additional equipment for cash.

9. Received cash from customers when service was rendered.

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Describe the effect of each transaction on assets, liabilities, and stockholders' equity. For example, the first answer is: (1) Increase in assets and increase in stockholders' equity.