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Metlock, Inc. had the following selected transactions. 1. Kim Leppard invested $5,496 cash in the business in exchange for common stock. 2. Paid office rent

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Metlock, Inc. had the following selected transactions. 1. Kim Leppard invested $5,496 cash in the business in exchange for common stock. 2. Paid office rent of $1,044. 3. Performed consulting services and billed a client $5,166. 4. Declared and paid a $660 cash dividend. (a) Indicate the effect each transaction has on the accounting equation (Assets = Liabilities + Stockholders' Equity), using plus and minus signs

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