1. Indicate the effects of the following business transactions on the accounting equation of a Viviani Video store. Transaction (a) is answered as a guide. a. Received cash of $8,000 and issued common stock. Answer: Increase asset (Cash) Increase stockholders equity (Common stock) b. Earned video rental revenue on account, $1,800. c. Purchased office furniture on account, $400. d. Received cash on account, $600. e. Paid cash on account, $100. f. Sold land for $15,000, which was the cost of the land. g. Rented videos and received cash of $300. h. Paid monthly office rent of $900. i. Paid $200 cash to purchase supplies that will be used in the future