Exercise 233 Analyze the following transactions in terms of their 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 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 affect is recorded. (If balance after calculations is 0 then please enter 0 for that field and all s Balance Balance Balance Balance Balance Balance Totals