Record the effect on the accounting equation (increase or decrease) for each of the following transactions. After recording the effects of the transactions, compute the ending balances of each element of the equation to prove it balances. 1. A business issued common stock for $25,000 cash. 2. Paid $5,000 cash for advertising for the current month. 3. Paid $2,000 cash for office equipment. 4. Purchased $500 of office supplies on account. 5. Recorded $10,000 of revenue, receiving half in cash and half will be received next month