Analyze the transactions of a business organized as a corporation described below and indicate their effect on the basic accounting equation. Use a plus sign (+) to indicate an increase and a minus sign (-) to indicate a decrease. Assets = Liabilities + Stockholders' Equity 1. Received cash for services rendered. 2. Obtained a loan from the bank. 3. Paid employees' salaries. 4. Purchased office equipment on account. 5. Paid telephone bill for the month. 6. Paid for office equipment purchased in transaction 4. 7. Purchased office supplies on credit. 8. Paid dividends. 9. Received cash from customer for services that had been billed. 10. Paid interest on notes payable