Question: solve these two questions please Problem 2-2A Analyze the impact of transactions on the accounting equation (LO2-2) Below is a list of activities for Purple

solve these two questions please
solve these two questions please Problem 2-2A Analyze the impact of transactions
on the accounting equation (LO2-2) Below is a list of activities for

Problem 2-2A Analyze the impact of transactions on the accounting equation (LO2-2) Below is a list of activities for Purple Cow Incorporated, 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.) Assets Liabilities pok Stockholders Equity $ 1.690 $ 1.690 $ 0 Transaction 1. Provide services to customers on account, $1,600 2. Pay S430 for current month's rent. 3. Hire a new employee, who will be paid $590 at the end of each month 4. Pay $120 for advertising aired in the current period. 5. Purchase office supplies for S430 cash int rences 6. Receive cash of $1,090 from customers in (1) above. 7. Obtain a loan from the bank for $7.900 8. Receive a bill of $580 for utility costs in the current period. 9. Issue common stock for $10,900 cash 10. Pay $590 to employee in (3) above Totals At the beginning of April, Owl Corporation has a balance of $11,500 in the Retalned Earnings account. During the month of April, Owl had the following external transactions. Required: Using the external transactions below, compute the balance of Retained Earnings at April 30 (Decreases should be entered as a negative.) Balance $ 11,500 Transaction Retained earnings, April 1 1. Issue common stock for cash, $10,000. 2. Provide services to customers on account, $7,000 3. Provide services to customers in exchange for cash, $1,700 4. Purchase equipment and pay cash, 56,100. 5. Pay rent for April, $1.200 6. Pay employee salaries for April, $2,000 7. Pay dividends to stockholders, $1.250 Retained earnings, April 30 Inces

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