Exercise $2-4($Static$)$ Analyze the impact of transactions on the accounting equation $($LO$2-2)$

Boilermaker House Painting Company incurs the following transactions for September.

Required:

For each transaction, describe the dual effect on the accounting equation. For example, for the first transaction, $(1)$ assets increase and $(2)$ stockholders' equity increases.

$\backslash$table$[[$Transactions$,$Dual Effect$],[1.$ Paint houses in the current month for $$15,000$ on account.,Assets increase and stockholders' equity increases.$],[2.$ Purchase painting equipment for $$16,000$ cash.,$],[3.$ Purchase office supplies on account for $$2,500.,],[4.$ Pay employee salaries of $$3,200$ for the current month.,$],[5.$ Purchase advertising to appear in the current month, $$1,200.,],[6.$ Pay office rent of $$4,400$ for the current month.,$],[7.$ Receive $$10,000$ from customers in $(1)$ above.,$],[\backslash$table$[[8.$ Receive cash of $$5,000$ in advance from a customer who plans to have his house$],[$painted in the following month.$]],]]$