Analyse the Following Transactions in Terms of Their Effect on the Basic

Short Answer

Analyse the following transactions in terms of their effect on the basic accounting equation. Record each transaction by increasing (+) or decreasing (-) the dollar amount of each item affected. Indicate the new balance of each item after a transaction is recorded.
1. Issued shares to investors for $12,000 in cash.
2. Purchased supplies on credit for $700.
3. Invoiced customers $400 for services provided.
4. Paid for supplies purchased in transaction 2.
5. Paid dividends of $300 cash to shareholders.
6. Received half of amount owing by customers invoiced in transaction 3.
7. Received and paid electricity bill for $50.