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Blue Spruce Corp. had the following selected transactions. 1. Kim Leppard invested $5,512 cash in the business in exchange for common stock. 2. Paid office

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Blue Spruce Corp. had the following selected transactions. 1. Kim Leppard invested $5,512 cash in the business in exchange for common stock. 2. Paid office rent of $1,047. 3. Performed consulting services and 4. Declared and paid a $661 cash dividend. (a) Indicate the effect each transaction has on the accounting equation (Assets = Liabilities + Stockholders' minus signs

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