Enter the transactions in the accounting?equation, beginning with transaction a." For transactions that affect stockholders equity, select the type of equity transaction. After all transactions have been entered, calculate the ending balance of each account and the total assets and total liabilities and ?stockholders equity. ?(Use parentheses or a minus sign when decreasing accounts. Only complete the necessary answer boxes leaving unused cells?blank.)

	Cash +	Accounts Receivables +	Supplies +	Land =	Accounts Payable +	Common Stock +	Retained Earnings	Type of Equity Transaction
	1.200	1,650		12,400	7,900	3,500	3,850
a	8,600					8,600		Issued Stock
b
c
d
e
f
g
h

During June 20 Davis Resources completed these transactions: a. The business received cash of $8.600 and issued common stock. b. Performed services for a customer and received cash of $6 c. Paid $4.900 on accounts payable d. Purchased supplies on account, $800. e. Collected cash from a customer on account, $600 f. Cons on the design of a computer system and billed the customer for services rendered, $2,800. g. Recorded the follow ng business expenses for the month: (1) paid offic rent- $1,100 2) paid advertising $1,000. h. Declared and paid a cash dividend of $1,500