E1-26 Using the accounting equation to analyze business transactions Indicate the effects of the following business transactions on the accounting equation of Vivian's Online Video store. Transaction (a) is answered as a guide. a. Received cash of $10,000 from issuance of common stock. Answer: Increase asset (Cash); Increase equity (Common Stock) b. Earned video rental revenue on account, $2,800. c. Purchased office furniture on account, $300. d. Received cash on account, $400. e. Paid cash on account, $100. f. Rented videos and received cash of $200. g Paid monthly office rent of $1,000. h. Paid $100 cash to purchase office supplies. Remember that the Accounting Equation MUST balance for every Transaction. a. b. C. d. e. f g h. Total Balances Cash Asset Accounts Receivable = Furniture supplies Liabilities Accounts Payable + Equity Common Revenue Rent Stock Expense