For each activity listed below, explain its impact on the accounting equation: that is, which part of the equation will increase or decrease as a result of the activity? Part 2 - Also supply the journal entries for each of the items below with the name of the accounts that will be impacted and the amounts for each in good form. The debits and credits to be provided with amounts. No description is needed. Use Word, Excel, or .pdf file.

1. Paid Salaries Expense of $150,000
2. Purchased a new building for $250,000, $50,000 in cash and the remainder on loan from the bank in the form of a mortgage.
3. Received $25,000 from a customer for services that will be performed next year.
4. Collected $150,000 cash from customers for whom services were performed last year.
5. Purchased office equipment for $75,000 with $35,000 cash and a note payable for the remaining amount.
6. Provided services of $160,000 for which customers will pay next year.
7. Paid $50,000 for insurance coverage that begins next year.
8. Paid cash of $20,000 for accounts payable.
9. Signed a contract to hire a new controller at an annual salary of $180,000.
10. Sold inventory on credit for $125,000. The cost of the inventory was $100,000.