Question Content Area Select your answers from the following list of the possible effects of a transaction on the accounting equation: 1. Assets, Dr.; Assets, Cr. 2. Assets, Dr.; Stockholders' Equity, Cr. 3. Assets, Dr.; Liabilities, Cr. 4. Assets, Dr.; Revenues, Cr. 5. Liabilities, Dr.; Assets, Cr. 6. Dividends, Dr.; Assets, Cr. 7. Expenses, Dr.; Assets, Cr. 8. Expenses, Dr.; Liabilities, Cr. Analyze the effect of the following transactions on the accounting equation. Select the appropriate number next to each transaction below: Line Item DescriptionNumber a. Paid $725 to a vendor for supplies purchased previously on account. b. Performed $850 of services and billed the customer. c. Received a utility bill for $395 and will pay it next month. d. Paid dividends of $145. e. Paid $315 in salaries to its employees. f. Collected $730 of cash from its customers on account
