OConnor Company ordered a machine on January 1 at a purchase price of $120,000. On the date of delivery, January 2, the company paid $30,000 on the machine and signed a Iong-term note payable for the balance. On January 3, it paid $1,200 for freight on the machine. On January 5, OConnor paid cash for installation costs relating to the machine amounting to $7,200. On December 31 (the end of the accounting period), OConnor recorded depreciation on the machine using the straight-line method with an estimated useful life of 10 years and an estimated residual value of $12,800.

ndicate the effects (accounts, amounts, and + for increase ? for decrease) of each transaction (on January 1, 2, 3, and 5) on the accounting equation. (Enter any decreases to account balances with a minus sign.)

Date	Assets		=	Liabilities		+	Stockholders Equity
Jan 01
Jan 02
Jan 03
Jan 05