Describe the effect of each transaction on total assets, total liabilities, and total equity as: Increase Decrease No Effect Assets Liabilities Equity 1. Issued shares to investors in exchange for cash. Increase V No Effect V Increase 2. Paid monthly rent. Decrease Decrease No Effect 3. Received cash from customers when service was rendered. Increase No Effect V Increase 4. Invoiced customers for services performed. Increase No Effect Increase 5. Paid dividend to shareholders. Decrease No Effect Decrease 6. Incurred advertising expense on account. Increase Increase No Effect 7. Received cash from customers invoiced in (4). No Effect No Effect No Effect 8. Purchased additional equipment for cash. No Effect No Effect No Effect 9. Purchased equipment on account. Increase Increase No Effect