Case study(1) Suppose you work as a financial accountant with Dell Company, and you have been given the following data

1- 1 Jan Dell, Inc., was organized as a corporation .the company issued shares of common stock for $30,000 cash deposited in the new business account.

2- 3 Jan Dell paid $ 5,500 cash for equipment (two computers).

3- 5 Jan Dell paid $ 8,500 cash for a truck.

4- 7 Jan Dell purchased supplies on account from Office Lux for $500.

5- 10 Jan Dell issued a check to Office Lux for $300 previously purchased supplies on account.

6- 12 Jan During the month, Dell Corporation earned a total of $50,000 in revenue from clients who paid cash.

7- 15 Jan Dell Corporation earned a total of $10,000 in service revenue from clients who will pay in 30 days.

8- 20 Jan Dell Corporation collected a total of $5,000 on account from clients who owned money for services previously billed.

9- 31 Jan Dell Corporation paid a total of $900 for office salaries.

10- 31 Jan Dell Corporation paid dividend $ 4000 cash.

Required:

1-Analyze the previous transactions and its affect the accounting equation.

2-Record previous transactions in the journal entries book.

3-What is the effect of previous transactions on the cash ledger?