A company had the following transactions in September 2020. Record the effects of each transaction using a financial statement effects template.:

1. Sept 1: Company raised $100,000 in cash by issuing $75,000 of common stock and $25,000 of bonds.
2. Sept 1: Purchased $3,000 of inventory on credit.
3. Sept 1: Rented store space for 12 months by paying $3,600 in cash in advance ($300/month).
4. Sept 1: Paid $240 in cash for insurance for 6 months in advance ($40/month).
5. Sept 15: Paid $50 in cash for advertising currently running in September (it will not run after Sept).
6. Sept 20: Sold inventory for $700 (half on credit, half in cash). The cost of the items sold was $500.
7. Sept 27: Received $600 cash in advance for items to be shipped and delivered in December.
8. Sept 30: Recognized $1,500 of employee wages for the month that were earned but not yet paid.
9. Sept 30: Recognized $80 of interest on bonds from transaction (1) that was accrued but not yet paid.
10. Sept 30: Recognized one month of rent for the store space from transaction (3).
11. Sept 30: A bill for $170 was sent to a costumer for services that were provided in September but not paid by the customer yet.
12. Sept 30: Recognized one month of insurance expense from transaction (4).
13. Sept 30: Recognized depreciation of $150 on its equipment.