Let's Review Problem #1 A company has the following transactions during June: June 2 Provide services to customers for cash, $4,300 June 8 Purchase office supplies on account, $1,000 June 11 Pay workers' salaries for the current period, $1,400 June 15 Issue additional shares of common stock, $6,000 June 28 Pay one-half of the amount owed for supplies purchased on June 8, $500 Required: Indicate how each transaction affects the accounting equation. Solution: AssetsLiabilities +Stockholders' Equity June 2 June 8 June 11 June 15 June 28