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Current Attempt in Progress Analyze the following transactions and show their effects on the basic accounting equation. a . Received $ 1 5 9 ,

Current Attempt in Progress
Analyze the following transactions and show their effects on the basic accounting equation.
a. Received $159,000 from investors buying shares in the company.
b. Bought equipment for $59,400. Paid half in cash, with the remainder to be paid in six months.
c. Bought inventory costing $54,400, on account.
d. Sold inventory costing $44,400 to customers, on account, for $61,400.
e. Made a payment of $1,000 on accounts payable.
f. Borrowed $34,400 from a bank. The interest on the loan is 6% per year.
g. Depreciated equipment by $1,040.
h. Paid $760 for supplies to be used in the future.
i. Paid $210 to the power company for electricity used during the period.
j. Declared and paid dividends of $7,400.
(Enter amounts that decrease account balance using either a negative sign preceding the number e.g.-45 or parentheses e.g.(45). Indicd whether it is Revenues, Expenses or Dividends declared in the last column. In case if there is no effect then select "Not Applicable".)
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