Problem 1d: Accounting Equation: Effects of Transactions For Questions 1-8 Hayes' Consulting, Inc. engaged in the following transactions in July. By addition and subtraction, show the effects of the transactions on Hayes' Consulting, Inc.'s resources and sources of resources. Notice that the first transaction has been processed for you. Jeff Hayes invested $5,000 in Hayes' Consulting, Inc. Jeff received 5,000 shares of $1 par common stock in return for his investment. Total Resources + $5,000 Total Sources of Resources + $5,000 The company's receipt of cash increased its resources. The company now has $5,000 more resources (cash) than it had before it received the cash. Since the company did not give up any resources to receive the cash, but received the cash from the owner, the company's sources of resources (common stock) increased by $5,000. 7. Hayes' Consulting paid the phone bill for $30 of telephone services used during July. Total Total Resources Sources of Resources + $30 &- $30 + $0 B) +$30 +$30 - $30 - $30 + $30 - 530 - $30 + $30 O a. A) b.B) Occ) O d.D) e. E)