Exercise 3-6A (Static) Identifying tronsaction type, its effect on the occounting equotion, and whether the effect is recorded with a debit or credit LO 31 Requiled Identify whether each of the following transoctions is an asset source, asset use, osset exchange or claims exchange. Also, explain how each event affects the accounung equation by piacing - for increase, - for decrease, or -f- for increases and decreases under each of the components of the accounting equation. Finally indicate whether the effect fequices o debit of creart entry. The firstevent is recorded os an example. (Not all cells require entry.) a. Purchased supplies on account b. Acquired cosh from the issue of common stock c. Paid cash in advance for one year of rent d. Pald solones payoble. e. Recened cash for semces to be pecformed in the future c. Poid a casti arvidend to the stocktiolders 9. Recelved cash in payment of accounts recolvoble h. Poid occounts poysole. 1. Provided services for cash 1. Recognized expense for supplies used during the perioct k. Recognized revebue for semices completed for which cosh had been conected previoush 1. incurred other operating expenses on accoubt m. Purchosed uorid with cesh