Wellington Ltd. records its business transactions into the basic accounting equation.

For each of the following independent business activities, indicate the effect on the basic accounting equation. Select ALL the correct answers for each activity.

Collected $2,200 of accounts receivable from a customer.

Opened a new bank account. The bank will charge $15 at the end of every month.

$100 of flyers, purchased on account last month, were delivered (used) in the current month.

Purchased $1,250 of office supplies on account.

Provided $3,450 of services to a customer on account.

Received $1,225 cash from a customer for work to be performed next month

Provided $1,000 of services to a customer who paid in advance last month.

Received a water utility bill for $2350. The bill will be paid early next month.

Paid a $600 dividend in cash to the owners.