Analyze each transaction. Under each category in the accounting equation, indicate whether the transaction:

A. increases, B. decreases, or C. has no effect.

The item (a) is provided as an example.

(a) Provided services to a customer on account. (Revenue increases causing Stockholders Equity to increase, Assets increase, and no effect on Liabilities). 6. Pay for rent in advance. 7. Purchase supplies on account. 8. Recorded and paid salaries to employees