Cullumber Company decides to open a pizza parlor near the local college campus that will operate as a corporation. Analyze the following transactions for the month of June in terms of their effect on the basic accounting equation.

$(1)$ Cullumber Company invests $$26,500$ cash in exchange for common stock on June $1.$

$(2)$ Purchased equipment for $$5,000$ paying $$2,200$ in cash and the remainder due in $30$ days.

$(3)$ Purchased supplies for $$1,800$ cash.

$(4)$ Received a bill from Campus News for $$310$ for advertising in the campus newspaper.

$(5)$ Cash receipts from customers for pizza sales amounted to $$1,800.$

$(6)$ Paid salaries of $$170$ to student workers.

$(7)$ Billed the Tiger Football Team $$250$ for pizzas ordered.

$(8)$ Paid $$310$ to Campus News for advertising that was previously billed in Transaction $4.$

$(9)$ Cullumber Company paid dividends of $$1,150.$

$(10)$ Incurred utility expenses for the month on account, $$110.$

Record each transaction by increasing $(+)$ or decreasing $(-)$ the dollar amount of each item affected. Indicate the new balance of each item after a transaction is recorded. It is not necessary to identify the cause of changes in stockholders' equity. $($If Balance is negative then enter either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).$ Enter all transaction amounts as positive and select the appropriate sign from the drop down. Leave the field blank if not applicable.$)$

Question $4$ of $4$

$\frac{1\mathrm{.}9}{25}$

from the drop down. Leave the field blank if not applicable.$)$