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Accounting
answer the red boxes please
Your answer is partially correct. Try again. Analyze the transactions of a business organized as a corporation described below and indicate their effect on the basic accounting equation. Assets Liabilities + Stockholders' Equity 1. Received cash for services rendered. Increase Decrease : Increase 2. Purchased office equipment on credit. Increase Increase No Effect x x Decrease Decrease 3. Paid employees' salaries. Rudy No Effect No Effect No Effect x Decrease Decrease 4 4. Received cash from customer in payment on account. 5. Paid telephone bill for the month. 6. Paid for office equipment purchased in transaction 2. Decrease Decrease 7. Purchased office supplies on credit. Increase Decrease 4 8. Dividends were paid Decrease Decrease 9. Obtained a loan from the bank. Increase Increase X 10. Billed customers for services rendered. Increase Increase
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