Analysis of Transactions Using Accounting Equation For each of the seven separate transactions below, show the impact on the components of the accounting equation. 1. Tax Services Inc. provided $1,000 of tax services on account this period. 2. Eagles Brand Inc. incurred utility costs for this period of $850, payable next period. 3. Texako Inc. paid $50,000 in dividends this period that were declared last period 4. Post Corp. purchased equipment at a cost of $25,000 by issuing a note payable. 5. Atlanta Inc. paid $2,200 cash for one year of insurance coverage. 6. Quality Products Inc. paid $8,000 cash for supplies to be used in the next period. 7. Fast Food Inc. paid $3,000 cash for salaries