Presented in the bar chart below are a company's total assets, total liabilities, and total stockholders' equity after each of five transactions in its first year of business. The bar on the left is total assets, and the stacked bar on the right includes total liabilities and total stockholders' equity. Beginning balances prior to Transaction 1 are $0. Answer the following questions: Assets, Liabilities, and Stockholders' Equity After Five Transactions $120,000 $100,000 $10,000 Assets Liabilities Stockholders' Equity 560,000 540,000 120,000 0 Beg - $0 1 2 3 4 5 Transactions Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 28 Req 3A Reg 38 Reg 4A Reg 18 Req 5A Req 58 Req6 Transaction 1 depicts the issuance of common stock for cash. How does this transaction affect the accounting equation? Anna Liabilities Stockholders' Equity Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Req 3A Req 38 Req Req 48 Req SA Req 58 Req6 How does Transaction 2 affect the accounting equation? Assets Liabilities Stockholders' Equity Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3A Req 35 Reg 4A Req 4B Reg 5A Reg 58 Reg 6 Which of the following transaction descriptions is depicted by Transaction 2? OPay employee salaries for the current period, OProvide services to customers on account. O Purchase equipment by signing a note payable: Repay portion of a note payable Complete this question by entering your answers in the tabs below. K Req 1 Req 2A Req 2B Req 3A Reg 3B Req 4A Req 48 Req 5A Req 58 ces Req6 How does Transaction 3 affect the accounting equation? Assets Liabilities Stockholders' Equity Complete this question by entering your answers in the tabs below. Req 1 Req 2A Reg 28 Req 3A Req 3B Req 4A Req 4B Req 5A Req 5B Reg 6 Which of the following transaction descriptions is depicted by Transaction 3? Pay employee salaries for the current period Provide services to customers on account O Purchase equipment by signing a note payable Ropay portion of a note payable Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Req 2B Req Req 3B Req 4A Reg 4B Req 5A Req SB Req 6 How does Transaction 4 affect the accounting equation? Assets Liabilities Stockholders' Equity Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Req 3A Req 3B Req 4A Reg 4B Req 5A Reg 58 Reg 6 Which of the following transaction descriptions is depicted by Transaction 4? OPay employee salaries for the current period Provide services to customers on account Purchase equipment by signing a note payable. Repay portion of a note payable. Complete this question by entering your answers in the tabs below. Req 1 Reg 2A Req 28 Req 3A Req 38 Req 4A Req 48 Req 5A Req 58 Req 6 How does Transaction 5 affect the accounting equation? Assets Liabilities Stockholders' Equity Complete this question by entering your answers in the tabs below. ok Req 1 Req 2A Req 28 nces Rea Req 3B Req 4A Req 48 Req SA Req 5B Reg 6 Which of the following transaction descriptions is depicted by Transaction 57 OPay employee salaries for the current period Provide services to customers on account Purchase equipment by signing a note payable Repay portion of a note payable. Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 2B Req 3A Req 3B Req 4A Req 4B Reg SA Req 5B Reg 6 What is true after each of the five transactions? O Assets are sometimes greater than liabilities plus stockholders equity Assets are sometimes less than liabilities plus stockholders equity Assets always equal liabilities plus stockholders equity