INSTRUCTIONS 1 Analyze each transaction listed below using the accounting equation (A-L+E). For each transaction indicate what increase and/or decrease on the same side or each side of the equation. 2 Record the journal entries from January 1-31. 3 Post to the account ledgers (Cash, Accounts receivable Supplies, Prepaid rent, Equipment, Accounts payable, Common Stock, Service revenue, Dividends, etc.) 4 Prepare an unadjusted trial balance (DR-CR). Jan 1 Jack, owner, invested $60,000 cash in Jack's Barber & Hair Salon in exchange for common stock 2 The compaby paid $40,500 cash in advance for a 2-year rental agreement for space at the mall 5 The company purchased equipment (barber stations, styling chairs, hair dryers, etc.) for $5.500 on credit. 7 The company purchase supplies (shampoo, conditioner, etc.) for $800 cash 10 The company serviced customers and charged a total of $1,000 cash 15 The company was engaged to serviced a wedding party, the customer was billed 55.000 for fees earned. 20 The company made a partial payment of $2,000 cash toward the payable from January 5th for the purchase of equipment. 25 The company collected $3,000 cash for fees billed on the 15th. 31 The company paid $500 dividends to its owner, Jack 5 6 7