New Tab G british policy on nat... Ginalen G stamp act 1765 - G... W Timeline of the Briti... G economic rights - G.. 2 Exercises 1 The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 10 points 1. Issued 36,000 shares of common stock in exchange for $360,000 in cash 2 Purchased equipment at a cost of $52,000 $10,000 cach was paid and a note payable to the seller was signed for the balance owed 3. Purchased Inventory on account at a cost of $110.000 The company uses the perpetual inventory system 4. Credit sales for the month totaled $150,000. The cost of the goods sold was $90,000 5. Paid $4750 in rent on the warehouse building for the month of March 6. Paid $6.250 to an insurance company for fire and liability insurance for a one-year period beginning April 2021 7. Pad $90.000 on account for the merchandise purchased in 3. 8. Colected $67,500 from customers on account 9. Recorded depreciation expense of $1,300 for the month on the equipment Required Analyze each action and show the effect of each on the accounting equation for a corporation (Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation) Labilities Paid in Capital Hesined Earnings 350.000 300 TOTO 00.000 5oC 050 6 7 1 o RI Type here to search hp &