below is a list of activities for purple cow incorporated

For each activity, indicate the impact on the accounting equation. After doing so for all transactions, ensure that the accounting eq account classificatlons should be entered as a negative) Transaction Llabilities Stoc to customers on account, $1,640. S1,640 $1,640 (380)(380) 2. Pay $380 for current month's rent. 3.Hire a new employee, who will be paid $540 at the end of each month 4. Pay $100 for advertising aired in the current period. 5.Purchase office supplies for $380 cash. 6. Receive cash of 8. Receive a bill of $530 for utility costs in the current period. 9. Issue common stock for $10,400 cash. 10 Pay $540 to employee in (3) above. Totals