The following two questions help you to analyze transactions how they affects the accounting equations and prepare a financial reports. 1. Assume that Muscular Consulting erroneously recorded the payment of 7,500 of dividends as a debit to Salary Expense, (a) How would this error affect the equality of the tr4ial balance? (b) How would this error affect the income statement, statement of stockholder's equity, and balance sheet? 2. Checking accounts are one of the most common forms of deposits for banks. Assume that Surety Storage has a checking account at Ada Savings Bank. What type of account (asset, liability, stockholders' equity, revenue, expense, dividends) does the account balance of $11,375 reprent from the viewpoint of (a) Surety Storage and (b) Ada Savings Bank?