Required: For each activity, indicate the impact on the accounting equation. After doing so for all transactions, ensure that the accounting equation remains in balance. The first item is provided as an example. (Decreases to account classifications should be entered as a negative.) Transaction 1. Provide services to customers on account, $1,720. 2. Pay $330 for current month's rent. 3. Hire a new employee, who will be paid $620 at the end of each month. 4. Pay $100 for advertising aired in the current period. 5. Purchase office supplies for $330 cash. 6. Receive cash of $1,120 from customers in (1) above. 7. Obtain a loan from the bank for $8,200. 8. Receive a bill of $480 for utility costs in the current period. 9. Issue common stock for $11,200 cash. 10. Pay $620 to employee in (3) above. Totals Assets Liabilities Stockholders' Equity $ 1,720 $ 0 $ 1,720