Required: Select from the activities of whether the transaction increases, decreases, or has no effect on assets. liabilities, and/or stockholders equity. The first item is provided as an example. Assets Liabilities Stockholders Equity - No affect Increase = Increase Transaction 1. Obtain a loan at the bank. 1 Issue common stock to stockholders for cash. 2 Pay cash for insurance in advance. 3 Pay accounts payable. 4 Provide services to customers for cash. 5 Pay cash for utilities in the current period. increase = No effect increase + increase No effect + Increase