Exercise 2 Capstone Computer Consultants entered into the following transactions during June 2020: 1. Purchased computers for $20,000 from Hal's Computer Co. on account. 2. Paid $3,000 cash for June rent on office space. 3. Received $15,000 cash on account from customers for services billed in May. 4. Performed computer services for Chee Company for $2,700 and received cash. 5. Received and paid an $11,000 utility bill from Mega Power Co. for June. 6. Shareholders invested an additional $32,000 in exchange for shares of common stock. 7. Paid Hal's Computer Co. for the computers purchased in transaction #1. 8. Incurred advertising expenses of $840 for June on account.. Instructions Indicate the effect of the above transactions on assets, liabilities, and liabilities and stockholders' equity by entering "+", "-" or "+ and -" in the workpaper below. If the transaction affects retained earnings, indicate the type of transaction (Rev for revenue; Exp for Expense; Div for Dividend) in the Type column. Exercise 2 Workpaper Assets Accounts Receivable Liabilities + Accounts Payable Stockholders' Equity Common Retained Stock + Earnings Trans Cash Equipment Type Trans 1. 2. 3. 2. 3. 4. 4. 5. 6. 7. 5. 6. 7. Nod 8