First: write the Accounting Equation (1 mark) Second: analysis the transaction and how it is effects in the accounting equation (2 Mark), For example: Increase Assets (cash +1,000), decrees Liabilities (Account Payable - 1,000) 3. Paid monthly expenses: salaries $5000 utilities $3000 and advertising $1000 4. The company performed $23,000 of services for customers, on credit 5. The company received $23,000 in cash from customers who had been billed for services (in transaction 4). 6. Paid a dividend of San