Below is a list of activities for Purple Cow incorporatea. Check my work Required: For each activity, indicate the impact on the accounting equation. After doing so for all transactions, ensure that the accounting equation remains in balance. The first item is provided as an example. (Decreases to account classifications should be entered as a negative.) Assets Liabilities Transaction 1. Provide services to customers on account, $1,780 2. Pay $270 for current month's rent 3. Hire a new employee, who will be paid $680 at the end of each month 4. Pay $100 for advertising aired in the current period 5. Purchase office supplies for $270 cash $ Stockholders Equity $ 1.780 1,780 $ 0 8. Receive cash of $1,180 from customers in (1) above. 7. Obtain a loan from the bank for $8,800 8. Receive a bill of $420 for utility costs in the current period 9. Issue common stock for $11.800 cash 10. Pay $680 to employee in (3) above Totals Prey 1 of 5 Next > urnir therewith are punishable by fine and/or imprisonment under U.S. law, including the provisions of 18 U.S.C. 1001 and/or 18 U.S.C. 1542. Alteratie 3 aty S A Aa MacBook Pro