Maurice Dickey is a painting contractor who specializes in painting commercial buildings. At the beginning of June, his firms financial records showed the following assets, liabilities, and owners equity.

Cash	$	61,000		Accounts Payable	$	11,200
Accounts Receivable		16,600		Maurice Dickey, Capital		91,500
Office Furniture		35,800		Revenue		58,600
Auto		23,500		Expenses		24,400

TRANSACTIONS

1.	Performed services for $6,680 on credit.
2.	Paid $1,700 in cash for new office chairs.
3.	Received $11,200 in cash from credit clients.
4.	Paid $880 in cash for telephone service.
5.	Sent a check for $4,500 in partial payment of the amount due creditors.
6.	Paid salaries of $9,700 in cash.
7.	Sent a check for $1,120 to pay electric bill.
8.	Performed services for $10,500 in cash.
9.	Paid $2,350 in cash for auto repairs.
10.	Performed services for $12,500 on account.

9. Paid $2,350 in cash for auto repairs 10. Performed services for $12,500 on account. Enter the above transactions in to the following accounting eq balances with a minus sign.) uations. (Enter decreases to account Assets Liabilities+ Owner's Equity AccountS Receivable Cash Accounts Payable M.DickeyRevenue Furniture Beginning Balances$ 61,000| +s 16.600 | +$ 35,800| +$ 23,600!=$ 11,200|- 6,680+ 23,280 New Balances 61,000 + (1,700) + 59,300 + 11,200+ 70,500 35,800 23,600 11,200+ 2. 1,700+ 37,500+ New Balances 23,280+ (11,200) + 12,080+ 23.6001 11,200+ 3. New Balances 37,500 23.600 11,200+ 4 (880) 69,620 + (4,500) + 65,120+ (9,700)+ 55,420 + (1,120) + 54,300 10,500+ 64,800 + (2,350) + 62,450+ New Balances 12,080+ 37,500+ 23,600 11,200+ (4,500) + 6,700+ 5 New Balances 12,080+ 37,500 + 23.6001 = 6 New Balances 12,080 37,500+ 23,600| 6,700+ New Balances 12,080+ 37,500+ 23,600 6,700+ New Balances 12,080+ 37,500+ 37,500+ 37,500|+|$ 23.6001 = 6,700+ 23,600 12,080+ 12,500+ 24,580| + | $ New Balances 6,700+ New Balances 62.450 | + | $ 23.600| = |$ 6,700 Analyze