Following the example in a below,, indicate the effects of transactions b throughi on assets, liabili- ties, and equity, including identifying the individual accounts affected. Rendered legal services to clients for cash ANSWER: Increase assets (Cash) LO1, 4 M2-25. Analyzing the Effect of Transactions on the Balance Sheet Increase equity (Service Revenues) b. Purchased office supplies unoooe uo c. Issued additional common stock in exchange for cash d. Paid amount due on account for office supplies purchased in b Borrowed cash (and signed a six-month note) from bank f. Rendered legal services and billed clients Paid cash to acquire a desk lamp for the office h. Paid cash to cover interest on note payable to bank i. Received invoice for this period's utilities LO1, 4 M2-26. Analyzing the Effeet of Trancaction