Impact on Equity $ 0 0 Decreased equity - Dividends Decreased equity - Expense Increased equity - Revenue Increased equity - Stockholder investment No change in equity 0 0 0 Transaction Jun. 1 Carlos Sanchez, the owner, invested $134,000 cash, office equipment with a value of $13,500, and $77,000 of drafting equipment to launch the company in exchange for common stock Jun. 2 The company purchased land worth $57,500 for an office by paying $18,200 cash and signing a long-term note payable for $39,300 Jun. 3 The company purchased a portable building with $46,500 cash and moved it onto the land acquired on June 2. Jun. 4 The company paid $8,100 cash for the premium on an 18-month insurance policy. Jun. 5 The company provided services to a client and collected $13,000 cash. Jun. 6 The company purchased $30,200 of additional drafting equipment by paying $18,000 cash and signing a long-term note payable for $12,200. Jun. 7 The company completed $27,600 of services for a client. This amount is to be received in 30 days. Jun. 8 The company purchased $2,000 of additional office equipment on credit Jun. 9 The company completed services for a customer for $25,400 on credit Jun. 10 The company purchased $2,150 of TV advertising on credit Jun. 12 The company collected $13,800 cash in partial payment from the client billed on June 9. Jun. 14 The company paid $2,200 cash for employee wages. Jun. 17 The company paid $2,000 cash to settle the account payable created in on June 8. Jun. 20 The company paid $1,350 cash for repairs. Jun. 23 The company paid $9,820 cash in dividends. Jun 28 The company paid $2,200 cash for employee wages. Jun. 29 The company paid $3,180 cash for advertisements on the web during June. Total change in equity 0 0 0 0 0 0 $ 0