The following transactions occur for the Panther Detective Agency during the month of July:

1. Purchase a truck and sign a note payable, $13,200.
2. Purchase office supplies for cash, $420.
3. Pay $620 in rent for the current month.

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.

\begin{tabular}{|c|c|c|c|c|} \hline Transaction & Assets & = Liabilities & + & StockholdersEquity \\ \hline(1) & & = & + \\ \hline(1) & & = & + \\ \hline(2) & & = & + \\ \hline(2) & & = & + \\ \hline(3) & & = & + \\ \hline(3) & & = & + \\ \hline \end{tabular}