Transaction Analysis Amanda Weisman opened a home health care business under the name Home Care Inc. During its first month of operations, the business had the following transactions:

a. Issued common shares to Ms. Weisman and other shareholders in exchange for \(\$ 30,000\) cash

b. Paid \(\$ 18,500\) cash for a parcel of land on which the business will eventually build an office building

c. Purchased supplies for \(\$ 2,750\) on credit

d. Used the supplies purchased in part \(c\).

e. Paid rent for the month on office space and equipment, \(\$ 800\) cash

f. Performed services for clients in exchange for \(\$ 3,910\) cash g. Paid salaries for the month, \(\$ 1,100\)
h. Purchased and used \(\$ 650\) of supplies i. Paid \(\$ 1,900\) on account for supplies purchased in part \(c\)
j. Performed services for clients on credit in the amount of \(\$ 1,050\)
k. Declared and paid a \(\$ 600\) dividend to shareholders \section*{Required:}
Prepare an analysis of the effects of these transactions on the basic accounting equation of the business. Use the format below.

Exercise

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Assets Liabilities + Shareholders' Equity Share Retained Capital Earnings