Exercise 1 4 a) The following transactions occures 2013 for the Wainwright Corporation. The company owns and operutes wholesale warehouse. 1. Issued 30,000 ordinary shores in 2. Purchased equipment at a cost of $ 40,000 $ 1616oo was paid and a note payable was signed for the balance owed. 3. Purchased anvendery on account at wat of $ 90,000. The company uses the perpetund unventory system Eredit soles for month totobed $ 120.000 ilhe cost of the goods sold was $70006. 5.Paid $5,000 in nent on the warehouse building for the month of March 6. Paid $ 6,000 to an am surance company for fire and lubility insurance for one-year period beginning April 1, 2015 7. Paid $ 70,000 con account for the merchandise Yurchased in 3 s. collected $55,000 from customers on accusunt 9. Recorded deprection expense of $1,000 for the month in the equipment + Required : : 'Anwlyze coch tromsaction, and show the effect of each on the accounting equation for corporation