A. For each of the following transactions, apply the accounting equation Asset - Liability and Owner Equity. Use a spreadsheet similar to your lab to prepare each transaction. B. Identify the effects as reflected in the accounting equation. Use "+" to indicate an increase and a "-"to indicate a decrease. N/A for not effect. Use "A", "L", and "E" to indicate assets, liabilities and equity, respectively. 1. Paul invested S200,000 in cash to start up his company, 2. Equipment was purchased for $100,000. A down payment of $30,000 cash was made and a note was signed for the balance of $70,000. 3. Services were rendered to customers for $60,000and received of $40,000 and the remaining $20,000 would be paid later by the customers. 4. A building was purchased for $200,000 with a down payment of $50,000 and a mortgage note was signed for the balance of $150,000. 5. Supplies of $10,000 were purchased with cash this will be used in the future. 6. Paid the office secretary's salary of $3,000. 7. Cash of $45,000 was received for work to be performed in the future months 8. Cash payment of $12,000 was made as advance payment for 12 months insurance. 9. Dividend of $30,000 cash was paid to the Paul. 10. Paid $3,000 for utilities used in the business