Below is a list of activities for Jayhawk Corporation.

Required:
For each activity, indicate whether the transaction increases, decreases, or has no effect on assets, liabilities, and stockholders’equity.

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Stockholders Transactio Assets Liabilities+ Equ 1. Issue common stock in exchange for cash 2. Purchase business IncreaseNo effect + Increase supplies on account. 3. Pay for legal services for the current month 4. Provide services to customers on account. 5. Pay employee salaries for the current month. 6. Provide services to customers for cash 7. Pay for advertising for the current month 8. Repay loan from the bank. 9. Pay dividends to stockholders customers in (4) above in (2) above 10. Receive cash from 11. Pay for supplies purchased