Indicate the ettects of the following business transactions on the accounting equation for Sam's Snack Foods, a supplier of snack foods. Transaction (a) is answered as a guide. (Click the icon to view the transactions.) 6 More Info a. Sam's Snack Foods received cash from issuance of common stock to stockholders. a. Increase asset (Cash) b. Cash purchase of land for a building site. ls, Increase equity (Common Stock) Sam's Snack Foods received cash from issuance of common stock to stockholders. a. b. Cash purchase of land for a building site. c. Paid cash on accounts payable. d. Purchased equipment; signed a note payable. e. Perfomed service for a customer on account f. Employees worked for the week but will be paid next Tuesday. g. Received cash from a customer on accounts receivable. h. Borrowed money from the bank. Cash dividends paid to stockholders Incurred utilities expense on account. j. Print Done Choose from any drop-down list and then click Check