LOZ 10 Transaction analysis The following transactions occurred in summer: i issued shares for cash ii purchased inventory on account received cash payment from client for services iv billed customers for services V paid rent in cash vi received a bill for electricity used vii bought equipment for cash viii received cash from customer previously billed in transaction (iv) ix paid electricity bill received in transaction (vi) x paid dividends at the end of the year. REQUIRED a Indicate the accounts that would be affected by each transaction. b Indicate whether each transaction increases, decreases or has no effect on assets, liabilities and shareholders' equity