CH Learning Objective 4 E1-28 Using the accounting equation to analyze business transactions The analysis of the first cight transactions of Advanced Accounting Service follows Dt: cnc cch transactan. ASSETS LIABILITIES + EQUITY Contributed Capital + Retained Earnings Cash + Accounts +Equipment Accounts + Common - Dividends + Service - Salaries Receivable Payable Stock Revenue Expense 1 +31,000 +31,000 +3800 +3,800 Bal. $31,000+ $3,800 $31,000 + 53,800 +13,400 Bal. 531,000 + 53,800 + $13,400 $13,400 + $31,000 + $3,800 4 + 190 -190 Bal, $31,190 + $3,610 + $13,400 $13.400 + $31,000 + 53,800 5 410 Bal. $30,780 + $3,610 + $13,810 $13,400 + 531,000 + 53,800 6 -3,000 -8.000 Bal $22,780 + $3,610 + $13,810 55.400 $31,000 + STROO 7 +790 +790 Bal. $23,570 + $3,610 + $13,810 $5,400 + $31,000 + 54.590 B -1,500 - 1,500 Bal. 522,070 + 33,610 + 513,810 35,400 + $31,000 + 34,590 - $1,500 +13.400