Exercise 3-3, please.

o. Equipment is acquired on a 30-day open account. Service is provided to a customer. 8. A building is acquired by signing an agreement to repay stated amount plus interest in six months a Exercise 3-3 The Effect of Transactions on the Accounting Equation For each of the following transactions, indicate whether it increases (I), decreases (D), or has no eflect (NE) on the total dollar amount of each of the elements of the accounting equation Transactions L03 EXAMPLE 3-1 Assets Liabilities Stockholders' Equity Example: Common stock is issued in exchange for cash NE 1. Equipment is purchased for cash 2. Services are provided to customers on account 3. Services are provided to customers in exchange for cash 4. An account payable is paid off 5. Cash is collected on an account receivable 6. Buildings are purchased in exchange for a three-year note payable 7. Advertising bill for the month is paid 8. Dividends are paid to stockholders 9. Land is acquired by issuing shares of stock to the owner of the land