180. Selected transactions completed by a corporation are described below. Indicate the effects of each transaction on assets, liabilities, and stockholders’ equity by inserting "+" for increase and...

180. Selected transactions completed by a corporation are described below. Indicate the effects of each transaction on assets, liabilities, and stockholders’ equity by inserting "+" for increase and "-" for decrease in the appropriate columns at the right. If appropriate, you may insert more than one symbol in a column.

181. Schultz Tax Services, a tax preparation business, had the following transactions during the month of June:

Example: Received cash from issuing capital stock, $25,000.

1. Received cash for providing accounting services, $3,000.
2. Billed customers on account for providing services, $7,000.
3. Paid advertising expense, $800.
4. Received cash from customers on account, $3,800.
5. Paid cash dividends, $1,500.
6. Received telephone bill, $220.
7. Paid telephone bill, $220.


Required:
1) In the table below, state the accounts affected by each transaction.

2) Indicate the effect on the accounting equation of each transaction.