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Amanda Webb opened a home health care business under the name Home Care inc. During its first month of operatlonis, the business had the following

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Amanda Webb opened a home health care business under the name Home Care inc. During its first month of operatlonis, the business had the following transactions: a. Issued common stock to Ms. Webb and other stockholders in exchange for $300.000 cash. b. Paid $80,000 cash for a parcel of land on which the business will eventually build an office building. c. Purchased supplies for $2.120 on credit. d. Used the supplies purchased in Transaction c. e. Paid rent for the month on office space and equipment, $1,200 cash. f. Performed services for clients in exchange for $4,480 cash. 9. Paid salaries for the month, $2,200. h. Paid $850 cash for advertising in the current month. 1. Paid $1,640 on account for supplies purchased in Transaction c. 5. Performed services for clients on credit in the amount of $1,910. k. Paid a $400 dividend to stockholders. Required: Prepare an analyses of the effects of these tranisactions on the accounting equaton of the busintiss, Use the format below. If an amount box. does not. require an entry, leave if blank. Enten decreases in account valuef as nepative numbers. If thin effect of a tranaction is to increase And decrease the Fame item (i.e. Asset, Liability), enter "of since the net effect on the item is zero. Prepare an analysis of the effects of these transactions on the accounting equation of the business. Use the format below. If an amount box does not require an entry, leave it blank, Enter decreases in account values as negative numbers. If the effect of a transaction is to increase AND decrease the same item (i.e. Asset, Liability), enter " 0 " since the net effect on the item is zero

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