Effect of transactions on balance sheet equation. Indicate the effects of the following transactions on the balance sheet equation using this format:

(1) A firm issues 3,000 shares of \(\$ 10\)-par value common stock at par for cash.
(2) It purchases merchandise costing \(\$ 18,900\) on account.
(3) The firm acquires store equipment costing \(\$ 12,700\). It issues a check for \(\$ 2,000\), with the balance payable over three years under an installment contract.
(4) The firm issues a check for \(\$ 1,800\) covering two months' rent in advance.
(5) Refer to transaction (3). The firm issues common stock with a market value of \(\$ 10,700\) in full settlement of the installment contract.
(6) The firm pays the merchandise supplier in transaction (2) the amount due.

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Transaction Number Assets = Liabilities + Shareholders' Equity (1) Subtotal + $30,000 $0 $30,000 $30,000 = $0 + $30,000