E1-5 Robinson Cleaners AG has the following statement of financial position items. Accounts payable Accounts receivable Cash Notes payable Equipment Salaries and wages payable Supplies Share capital-ordinary Instructions Classify each item as an asset, liability, or equity. E1-6 Selected transactions for Spring Cruises ASA are listed below. 1. Sold ordinary shares for cash to start business. 2. Paid monthly rent. 3. Purchased equipment on account. 4. Billed customers for services performed. 5. Paid dividends. 6. Received cash from customers billed in (4). 7. Incurred advertising expense on account. 8. Purchased additional equipment for cash. 9. Received cash from customers when service was performed. Instructions List the numbers of the above transactions and describe the effect of each transaction on assets, liabilities, and equity. For example, the first answer is (1) Increase in assets and increase in equity. E1-7 Collins Computer Timeshare Company SA entered into the following transactions during May 2017 1. Purchased computer terminals for R$20,000 from Digital Equipment on account. 2. Paid R$3,000 cash for May rent on storage space. 3. Received R$14,000 cash from customers for contracts billed in April. 4. Performed computer services for Schmidt Construction Company for R$2,400 cash. 5. Paid Central States Power Co. R$11,000 cash for energy usage in May. 6. Shareholders invested an additional R$32,000 in the business. 7. Paid Digital Equipment for the terminals purchased in (1) above. 8. Incurred advertising expense for May of R$1,100 on account