Cage Clean https://docs.google.com/forms/d/e/1FAIpQLSdjPCSLAM28W LED1_zMypx333_opas buqka MWPE39 g/viewform?hr submission... * 4 points On May 1, Marty's Repair Shop Ltd. began operations. The following transactions were completed during the month: 1. Issued common shares for $8.000 cash. 2. Pald S1,280 for May office rent. 3. Purchased equipment for $16,000, paying $4.000 cash and signing a bank loan payable for the balance. 4. Purchased supplies on account, $700. 5. Received $1.200 from customers for repair services provided 6. Pald for supplies purchased in transaction 4 7. Paid May telephone bill of $200 8. Provided repair services on account to customers, $3,600. 9. Pald employee salaries, $2,000 10. Received $700 in advance for repair services to be provided next month. 11. Collected $1.600 from customers for services billed in transaction 12. Declared and paid $500 of dividends to shareholders. 13. Pald S80 of interest on the bank loan obtained in transaction 3 14. Paid income tax of S600 Instructions (a) Prepare an equation analysis of the effects of the above transactions on the expanded accounting equation (b) Calculate total assets, liabilities, and shareholders' equity at the end of the month and net income for the month. Your answer Search 0 ENG #