Increase in assets increase in stockholders equity 2

Increase in assets, increase in stockholders’ equity
2. Paid monthly rent.
Decrease in assets, decrease Stockholders’equity (expenses)
3. Received cash from customers when service was performed.
Increase assets; increase Stockholders’ equity (revenue)
4. Billed customers for services performed.
Increase assets, increase stockholders’ equity (revenue)
5. Paid dividend to stockholders.
Decrease assets, decrease stockholders’equity
6. Incurred advertising expense on account.
Increase liabilities, increase stockholders’ equity (expenses)
7. Received cash from customers billed in (4).
Increase assets; decrease assets
8. Purchased additional equipment for cash.
Increase assets (equipment), decrease assets (cash)
9. Purchased equipment on account.
Increase assets, increase liabilities
Instructions

Describe the effect of each transaction on assets, liabilities, and stockholders' equity. For example, the first answer is (1) Increase
in assets and increase in stockholders' equity.