Required: 1. Indicate the effects of each transaction on the accounting equation. Note: Enter decreases to...

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Required: 1. Indicate the effects of each transaction on the accounting equation. Note: Enter decreases to account categories as negative amounts. If the transaction does not impact the accounting equation choose "No effect" in the first column under "Assets". Date January 1 No effect January 1 January 2 Cash January 2 Equipment January 3 Cash January 3 Equipment January 5 Cash January 5 Equipment July 1 Cash July 1 Assets 0 Note payable Liabilities Stockholders' Equity 0+ 0 + + + + + Interest expense Note payable Required: 1. Indicate the effects of each transaction on the accounting equation. Note: Enter decreases to account categories as negative amounts. If the transaction does not impact the accounting equation choose "No effect" in the first column under "Assets". Date January 1 No effect January 1 January 2 Cash January 2 Equipment January 3 Cash January 3 Equipment January 5 Cash January 5 Equipment July 1 Cash July 1 Assets 0 Note payable Liabilities Stockholders' Equity 0+ 0 + + + + + Interest expense Note payable