Exercise 156 Analyze the following transactions in terms of the effect on the basic accounting equation (1) Issued stock to investors for $20,000 in cash. (2) Purchased supplies on credit for $700. (3) Billed customers $1,000 for services provided. (4) Paid for supplies purchased in transaction 2. (5) Paid dividends of $300 cash to stockholders (6) Received half of amount due from customers billed in transaction 3 (7) Received and paid utility bill for $100. Record each transaction by increasing (+) or decreasing the dollar amount of each item affected. Indicate the new balance of each item after a transaction is recorded. (If balance after calculations is then please enter for that field and all successive fields for Balance for the respective column) Record each transaction by increasing (+) or decreasing the dollar amount of each item affected. Indicate the new balance of each item har then please enter o for that field and all successive fields for Balance for the respective column.) Transaction Cash + Accounts Receivable + Supplies Accounts Payable Common Stock Retain Earnings Balance (2) Balance (3) Balance Balance (5) Balance (6) Balance Totals Click if you would like to Show Work for this question: Open Show Work arch 9