Following the transaction of Dennen, Inc for the month of January

Borrowed $30,000 from a local bank,

Lent 10,000 to affiliate due in 1 year,

Sold to an investor 100 additional share with a .10 per share and a market price of $5 per share and received cash,

Purchased $15,000 on equipment paying $5,000 cash and signing a note for the rest due in 1 year,

Declared and paid $2,000 in dividends to stockholders.

For each of the above transaction of Dennen for the month of January Indicate the accounts, amounts, and direction of the effects (+for increase and -for decrease) on the accounting equation.

Assets Liabilities Stockholder Equity

A) Cash Noted payable

b) Notes receivable Cash

c ) cash Common stock

d ) equipment Additional paid in capital

e ) Retained earning Cash

Notes payable

Cash