Question 5 of 7 View Policies Current Attempt in Progress Selected transactions for Thyme Advertising Company, Inc. are listed here. Describe the effect of each transaction on assets, liabilities, and stockholders' Increase in liabilities and decrease in liabilities Increase in assets and increase in liabilities. Increase in liabilities and decrease in stockholders' equity. 1. Issued common stock to investors in exchange for cash received from investors. 2. Paid monthly rent. olders' equity Decrease in assets and decrease in stockholders' ties 3. Received cash from customers when service was performed. equity. Increase in assets and 0 decrease in assets. 4. Billed customers for services performed. Decrease in assets and 5. Paid dividend to stockholders. decrease in liabilities. Decrease in liabilities and 6. Incurred advertising expense on account. increase in stockholders' equity. 7. Received cash from customers billed in (4). Increase in assets and 8. Purchased additional equipment for cash. increase in stockholders' equity. 9. Purchased equipment on account.