Stockholders' Transaction Assets Liabilities Equity %3D 1. Issue common stock in exchange for cash. Increase No effect + Increase 2. Purchase business supplies on account. 3. Pay for legal services for the current month. 4. Provide services to customers on account. 5. Pay employee salaries for the current month. 6. Provide services to customers for cash. 7. Pay for advertising for the current month. 8. Repay loan from the bank. 9. Pay dividends to stockholders. 10. Receive cash from customers in (4) above. 11. Pay for supplies purchased in (2) above.

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is