associated. Analyz of tran: the acc equati: E2-2 Below are the external transactions for Shockers Incorporated. 1. Issue common stock in exchange for cash. 2. Purchase equipment by signing a note payable. 3. Provide services to customers on account. 4. Pay rent for the current month. 5. Pay insurance for the current month. 6. Collect cash from customers on account. + Liabilities No effect Stockholders' Equity Increase + Assets 1. Increase 2. 3. 4. 5. 6