Exercise 2-07 Marigold Corp. had the following selected transactions. 1. 2. Kim Leppard invested $7,014 cash in the business in exchange for common stock. Paid office rent of $1,333. Performed consulting services and billed a client $6,593. Declared and paid a $842 cash dividend. 3. 4. (a) Indicate the effect each transaction has on the accounting equation (Assets = Liabilities + Stockholders' Equity), using plus and minus signs. Assets = Liabilities + Stockholders' Equity 1. I! 2. 3. = 4. = (b) Journalize each transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. No. Account Titles and Explanation Debit Credit 1. 2. 3. 4