Analyze business transactions using the accounting equation. Enter each transaction into the accounting equation and identify an increase or decrease to assets, liabilities, shareholders' equity, revenues, or expenses of Captured Memories Photography Inc. (LO 4)

a. Captured Memories earned \(\$ 16,150\) in sales revenues.

b. The firm paid \(\$ 1,500\) cash for supplies.

c. Captured Memories paid \(\$ 1,000\) of a \(\$ 3,000\) note payable to creditors.

d. The company paid \(\$ 1,750\) for operating expenses.

e. The company's owner provided \(\$ 6,500\) in additional financing in exchange for common stock.

f. The firm paid \(\$ 1,020\) in dividends.

g. Captured Memories loaned \(\$ 1,000\) cash to another company.

Use the following format:

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Shareholder's equity Total = assets Total liabilities Contributed + Retained capital earnings Transaction a: