1: kontor incorporaties Yeotel, on May 15 2010. The company issues stock to her contribution of $250,000 cash, which is deposited in the company's bank account.

2: Yeotek pays $160,800 cash to buy equipment

3: Yeotek borrows $81,000 froen a bank, depositing those funds in its bank account and signing a formal agreement to repay the loan in two years

4: Yeotek purchases $66,000 equipment, paying $32,000 in cash and giving an informal promise to pay $34,000 at the end of the month.

5: Yeotck orders $2460 of pans dishes, and other equipment. None have been received yet

6: Yeotek pays $12,000 to the equipment supplier in (4).

7: Yeotek receives 52460 of the equipment ordered in (5) and promises to pay for it nes month.

8: Yeotek paid $7,200 cash in salaries expense to employees.

9: Yeotek pays a 5600 utility bill with cash.

10: Yeotek distributed 5200 cash in dividends to stockholders. Required: Analyze each event to determine its effects on the accounting, equation . Prepare journal entries to record transactions Set up T-accounts