ALULZUI Chris Cutts opened Cutts Barbershop on September 1, 2020. The barbershop uses accrual accounting and issues monthly financial statements. Cutts Barbershop recorded the following events in September 2020. Sept. 1 Sept. 1 Sept. 3 Sept. 4 Sept. 5 Issued 10,000 shares of common stock for $15,000 cash. Purchased new barbershop chairs for $8,000, paying $2,000 cash and signed a 2%, six- month note for the balance. Purchased shampoo, conditioner and other needed supplies for $1,200 on account. Collected $500 cash from Travis Thompson for services that will be provided at a later date. Paid $2,400 cash on a one-year insurance policy. The policy is effective September 1, 2020. Billed customers $8,000 for services. Paid $1,750 cash for employee salaries for salaries earned during the current month. Paid $1,200 cash for the outstanding balance on the supplies that were purchased on September 3. Collected $1,600 cash from customers billed on September 14. Paid $900 in cash dividends. Hired five new employees who will begin working at the barbershop on October 1. Each employee will earn $3,000/month. Sept. 14 Sept. 15 Sept. 18 Sept. 21 Sept. 25 Sept. 30 Prepare an Excel spreadsheet and use transactional analysis to record each accounting event described above. Show how each event affects the balance sheet equation