D. Purthatd wipelestor $1360cish (D) Crane CongaN taid ovenent of 51800 Record each transaction by increasing f+) or decreasing if) the dollar amount of each item affected Indicate the new bal ance of each item after a transaction is recorded. It is not necessary to ldentify the cause of changes in stockholderg' equity off Budance hin nojative. then enter either 9 - slgn es. 15,000 or in parenthesls es, (15,000E Enter al tronsoction ancunts as posltive and select the ogeropriate sign from the drap down. Lave the fold blank if not spplicable] Crane 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) Crane Company invests $28,000 cash in exchange for common stock on June 1. (2) Purchased equipment for $3,900 paying $1,500 in cash and the remainder due in 30 days. (3) Purchased supplies for $1,300cash. (4) Received a bill from Campus News for $160 for advertising in the campus newspaper. (5) Cash receipts from customers for pizza sales amounted to $2,200. (6) Paid salaries of $270 to student workers. (7) Billed the Tiger Football Team $250 for pizzas ordered. (8) Paid $160 to Campus News for advertising that was previously billed in Transaction 4. (9) Crane Company paid dividends of $1,800 (10) Incurred utility expenses for the month on account, $60. 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 es.-15,000 or in parenthesis es. (15,000). Enter all transoction amounts as positive and select the appropriate sign from the drop down Leove the field blank if not applicable.) from the drop down. Leove the field blank if not dpplicable.) from the drop down Leove the foid blank if not applicoble.) D. Purthatd wipelestor $1360cish (D) Crane CongaN taid ovenent of 51800 Record each transaction by increasing f+) or decreasing if) the dollar amount of each item affected Indicate the new bal ance of each item after a transaction is recorded. It is not necessary to ldentify the cause of changes in stockholderg' equity off Budance hin nojative. then enter either 9 - slgn es. 15,000 or in parenthesls es, (15,000E Enter al tronsoction ancunts as posltive and select the ogeropriate sign from the drap down. Lave the fold blank if not spplicable] Crane 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) Crane Company invests $28,000 cash in exchange for common stock on June 1. (2) Purchased equipment for $3,900 paying $1,500 in cash and the remainder due in 30 days. (3) Purchased supplies for $1,300cash. (4) Received a bill from Campus News for $160 for advertising in the campus newspaper. (5) Cash receipts from customers for pizza sales amounted to $2,200. (6) Paid salaries of $270 to student workers. (7) Billed the Tiger Football Team $250 for pizzas ordered. (8) Paid $160 to Campus News for advertising that was previously billed in Transaction 4. (9) Crane Company paid dividends of $1,800 (10) Incurred utility expenses for the month on account, $60. 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 es.-15,000 or in parenthesis es. (15,000). Enter all transoction amounts as positive and select the appropriate sign from the drop down Leove the field blank if not applicable.) from the drop down. Leove the field blank if not dpplicable.) from the drop down Leove the foid blank if not applicoble.)
