Transaction Analysis The following events occurred for Parker Company Required: Analyze the effect of each transaction on the accounting equation. For example, salaries of $500 were paid, the answer would be "Decrease in stockholders' equity (expense) s500 and decrease in assets (canh $500 a. Performed consulting services for a client in exchange for $3,200 cash $3,200 and b. Accrued $800 for current month's rent $800 and $3,200 $800. Performed consulting services for a dient for cash, $1,700. $1,700 and d. Purchased office supplies on account, $900. $900 and $1,700 $900, e. Paid $2,500 cash dividend to stockholders. $2,500 and $2,500 Paid $550 on account for supplies purchased in Transaction d $550 and L 9. Purchased land with $30,000 promissory note. $30,000 and, 1550. $30,000. h. Collected $1,500 from a clent who was billed last month. $1,500 and $1,500 Stickholders invested $20,000 cash in the business. $20,000 and L $20,000 2. Conceptual Connection: For Event d, what accounting principle did you use to determine the amount to be recorded for supplies?