The following transactions occur for T-Bird Music Academy during the month of October: 1. Provide music lessons to students for $16,500 cash. 2. Purchase prepaid insurance to protect musical equipment over the next year for $4,140 cash. 3. Purchase musical equipment for $19,500 cash. 4. Obtain a loan from a bank by signing a note for $29,000. Analyze each transaction and show the effects of each on the accounting equation. Note: Decreases to account classifications should be indicated by a minus sign. Transaction Assets = Liabilities (1) (1) (2) + + (2) (3) + + (3) = + (4) + (4) = + Stockholders' Equity Check my work