Question: TransactionAssets = Liabilities + Stockholders' Equity 1 . Provide services to customers on account, $ 1 , 7 8 0 . $ 1 , 7

TransactionAssets=Liabilities+Stockholders' Equity1. Provide services to customers on account, $1,780.$1,780=$0+$1,7802. Pay $270 for current month's rent.$(270)=+$(270)3. Hire a new employee, who will be paid $680 at the end of each month.$0=$0+$04. Pay $100 for advertising aired in the current period.$(100)=$0+$(100)5. Purchase office supplies for $270 cash.$270=$0+$0=+6. Receive cash of $1,180 from customers in (1) above.$1,180=$0+$0=+7. Obtain a loan from the bank for $8,800.$8,800=$8,800+$08. Receive a bill of $420 for utility costs in the current period.$0=$0+$09. Issue common stock for $11,800 cash.$11,800=$0+$11,80010. Pay $680 to employee in (3) above.$(680)=$0+$(680) Totals$21,700=$8,800+$12,530

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