Brief Exercise 2-1 (Algo) Transaction analysis [LO2-1] Analyze each of the following transactions and show the effect on the accounting equation. 1. Provide services to customers on account for $34,000. 2. Purchase equipment by signing a note with the bank for $26,000. 3. Repay $19,000 of the note in (2) above. 4. Pay utilities of $3,400 for the current month. Note: Decreases to account classifications should be entered as a negative