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Show the effect of each of the following transactions on the basic accounting equation, using the template approach. The company's fiscal year end is December 31 1. On January 1, the company issued shares for $75,000 0 a. Assets (accounts receivable) increased by $250,000 and Shareholders' Equity (Common shares) increased by $250,000 O b. Assets (accounts receivable) increased by $250,000 and liabilities (accounts payable) increased by $250,000 Assets (Cash) increased by $250,000 and Shareholders' Equity (Common shares) increased by $250,000 9 d. Assets (Cash) increased by $250.000 and liabilities (dividends payable) increased by $250,000 Show the effect of each of the following transactions on the basic accounting equation, using the template approach. The company's fiscal year end is December 31. 2. On January 1, the company paid a one year rent policy for $1,800 cash. O a Assets (Cash) decreased by $1,800 and liabilities (accounts payable) decreased by $1,800 O b. Assets (Cash) decreased by $1,800 and Shareholders' equity (retained earnings/expense) decreased by $1,800 increase . Assets (Cash) decreased by $1,800 and Assets (Prepaid rent) increased by $1,800 increase Od Assets (Accounts receivable) decreased by $1,800 and Assets (Prepaid rent) increased by $1,800 increase

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