Benson Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $22,500. 2. Provide services to customers and receive cash of $5,500. 3. Pay the current month's rent of $900. 4. Purchase office supplies on account for $1,600. 5. Pay employee salaries of $1,900 for the current month. Required: Analyze each transaction and show the effects of each on the accounting equation. Note: Decreases to account classifications should be indicated by a minus sign. 1. Purchase equipment in exchange for cash of $22,500. Assets = Liabilities + Stockholders' Equity + = + = + 2. Provide services to customers and receive cash of $5,500. = + 3. Pay the current month's rent of $900. 4. Purchase office supplies on account for $1,600. 5. Pay employee salaries of $1,900 for the current month. = + = + = + + = + = +