Marissa Forrest established Sassy Styles Salon, Inc. The following

are transactions in need of your analysis related to the accounting equation.

Enter the appropriate amount and effect on the equation elements for each.

You are not required to provide the specific accounts impacted in the area

below the transaction (the gray shaded area).

Transactions

A. Marissa invested $2,400 in exchange for 240 shares of $10 par value

common stock to finance initial operations.

B. Sassy Styles paid two month's rent to a landloard in advance for $1,600.

C. Sassy Styles purchased supplies from a vendor by using credit for $120.

D. Sassy Styles received cash for salon services of $600 at the time of service.

E. Sassy Styles purchased two new computers and a printer for cash of $2,500.

F. Sassy Styles performed styling services for $1,200, accepting credit cards

from customers with payments expected from credit card companies.

G. Sassy Styles paid the utilities bills for $320.

H. Sassy Styles used $80 of the supplies purchased in C in its operations.

I. Sassy Styles calculated monthly depreciation for the items purchased in E. The

amount for the first month is $70

J. Sassy Styles adjusted the appropriate accounts for the expiration of one

month's rent of $800.