For all B questions

which of the following transactions is depicted by each transaction

A. pay employee salaries for the current period

B. provide services to customers on account

C. purchase equipment by signing a note payable

D. repay portion of a note payable

Assets, Liabilities, and Stockholders' Equity After Five Transactions $120,000 $100,000 Assets $80,000 Liabilities Stockholders' Equity $60,000 $40,000 $20,000 SO Beg. = $0 1 2 3 4 5 Transactions Required: 1. Transaction 1 depicts the issuance of common stock for cash. How does this transaction affect the accounting equation? 2a. How does Transaction 2 affect the accounting equation? 2b. Which of the following transaction descriptions is depicted by Transaction 2? 3a. How does Transaction 3 affect the accounting equation? 3b. Which of the following transaction descriptions is depicted by Transaction 3? 4a. How does Transaction 4 affect the accounting equation? 4b. Which of the following transaction descriptions is depicted by Transaction 4? 5a. How does Transaction 5 affect the accounting equation? 5b. Which of the following transaction descriptions is depicted by Transaction 5? 6. What is true after each of the five transactions? Req 1 Req 2A Reg 2B Req 3A Rec How does Transaction 3 affect the accounting equation? Assets Liabilities Stockholders' Equity Increase Increase No Effect