Question: Problem 2 - 1 A ( Static ) Analyze the impact of transactions on the accounting equation ( LO 2 - 2 ) Below is

Problem 2-1A (Static) Analyze the impact of transactions on the accounting equation (LO2-2)
Below is a list of activities for Jayhawk Corporation.
Required:
Select whether the transaction increases or decreases assets, liabilities, and stockholders' equity. Leave blank if no effect. The first item is provided as an example.
\table[[Transaction,Assets,=,Liabilities,+,Stockholders' Equity],[1. Issue common stock in exchange for cash.,Increase,=,,+,Increase],[2. Purchase business supplies on account.,,=,,+,],[3. Pay for legal services for the current month.,,=,,+,],[4. Provide services to customers on account.,\,=,,+,\],[5. Pay employee salaries for the current month.,?,=,,+,(],[6. Provide services to customers for cash.,\,=,,+,\],[7. Pay for advertising for the current month.,an,=,,+,],[8. Repay loan from the bank.,?,=,,+,],[9. Pay dividends to stockholders.,?,=,,+,],[10. Receive cash from customers in (4) above.,?,=,,+,],[11. Pay for supplies purchased in (2) above.,,=,,+,]]
 Problem 2-1A (Static) Analyze the impact of transactions on the accounting

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