Analyze the impact of transactions on the accounting equation (LO2-2) E2-4 Boilermaker House Painting Company incurs the following transactions for September 1. Paint houses in the current month for $15,000 on account. 2. Purchase painting equipment for $16,000 cash. 3. Purchase office supplies on account for $2,500. 4. Pay employee salaries of $3,200 for the current month. 5. Purchase advertising to appear in the current month, $1,200. 6. Pay office rent of $4,400 for the current month. 7. Receive $10,000 from customers in (1) above. 8. Receive cash of $5,000 in advance from a customer who plans to have his house painted in the following month. Required: For each transaction, describe the dual effect on the accounting equation. For example, for the first transaction (1) assets increase and (2) stockholders' equity increases actions E2-8 Terapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $23,400. 2. Provide services to customers and receive cash of $6,800. 3. Pay the current month's rent of $1,300. 4. Purchase office supplies on account for $1,000. 5. Pay employee salaries of $2,100 for the current month. Required: Record the transactions. Terapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense, E2-10 Sun Devil Hair Design has the following transactions during the month of February Record transactions February 2 Pay $700 for radio advertising for February (LO2-4) February 7 Purchase beauty supplies of $1,300 on account February 14 Provide beauty services of $2,900 to customers and receive cash. February 15 Pay employee salaries for the current month of $900. February 25 Provide beauty services of $1,000 to customers on account. February 28 Pay utility bill for the current month of $300. Required: Record each transaction. Sun Devil uses the following accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Service Revenue, Advertising Expense, Salaries Expense, and Utilities Expense. Record transactions (LO2-4) E2-11 Bearcat Construction begins operations in March and has the following transactions. March 1 Issue common stock for $21,000. March 5 Obtain $9,000 loan from the bank by signing a note. March 10 Purchase construction equipment for $25,000 cash. March 15 Purchase advertising for the current month for $1,100 cash. March 22 Provide construction services for $18,000 on account March 27 Receive $13,000 cash on account from March 22 services. March 28 Pay salaries for the current month of $6,000 Required: Record each transaction. Bearcat uses the following accounts: Cash, Accounts Receivable, Equipment, Notes Payable, Common Stock, Service Revenue, Advertising Expense, and Salaries Expense