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Analyze each of the following transactions and show the effect on the accounting equation. 1. Provide services to customers on account for $36,000. 2. Purchase

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Analyze each of the following transactions and show the effect on the accounting equation. 1. Provide services to customers on account for $36,000. 2. Purchase equipment by signing a note with the bank for $28,000. 3. Repay $21,000 of the note in (2) above. 4. Pay utilities of $3,600 for the current month. Note: Decreases to account classifications should be entered as a negative

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