their effect on the hasic accnunting equation Analyze the fallowing transactions in terms (1) Issued stock to investorss for $20,000 in cash (2 Purchased supplies on credit for $700. Billed customers $1,000 for services provided Paid for supplies purchased in transaction 2. (3) (4) (5) Paid dividends $300 cash to stockholders (6) Received half of amount due from customers billed in transaction 3 (7) Bcccivcd and paid utility bill for $100. Rocord cach transaction by incrcasing () or decreasing ) the dollar amount field and all successive fields for Balance for the respective column.) cach item affectod. Indicate the new balance of cach item after a transaction is recorded. (If balance after calculations is 0 then please cnter 0 for that Cash Retained Earnings Accounts Receivable Transaction Supplies Accounts Payable + Common Stock (1) Balance 2) Balance 3) Balance (4) Balance (5) Balance (6) Balance 7 Totals