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I would like to know how this cyle project works? I would really like some help on how to figure out assets labilities and equity

I would like to know how this cyle project works? I would really like some help on how to figure out assets labilities and equity on this chart image text in transcribed
Instructions: For the transactions below, indicate which accounts would increase and decrease in the accounting records of Central Advertising Inc. The first one has been done for you. Assets Liabilities + Equity A Acco Pay Ured Coro Retired Em +$19,000 $19,000 . 8/1 You invested $19,000 in exchange for common stock to start Central Advertising Inc. 814 Purchased 6 months of insurance for $3000 cash. 87 Purchased $7.000 of office equipment by paying $2,000 in cash and signing a one year note payable for the rest 8/10 Purchased $3,000 of advertising supplies for cash Assets + Equity : Liabilities A Uhamed Pabe Advert Notes Common Acco Receivable 8/13 A customer paid $7,000 in cash for advertising services performed today. 8/17 Received a utility bil for $750 and decided to pay it later. B/20 A customer paid $5000 for advertising services to be performed in the future. 823 Paid half of the accounts payable from 8/17 8/25 Performed advertising services and charged the customer $9.000 on account (to be paid later). 828 Received half the balance from the 825 customer in cash 8/31 Paid $37000 in dividends. Totals

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