On April 1, Sheridan Travel Agency Inc. began operations. The following transactions were completed during the month: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Issued common shares for $6,000 cash. Obtained a bank loan for $18,000. Paid $13,000 cash to buy equipment. Paid $1,700 cash for April office rent. Paid $1,500 for supplies. Purchased $500 of newspaper advertising on account. Earned $19,000 for services performed: cash of $2,000 was received from customers, and the balance was billed to customers on account. Declared and paid $400 of dividends to shareholders. Paid the utility bill for the month, $1,500. Paid the amount due for newspaper advertising in transaction 6. Paid $100 of interest on the bank loan obtained in transaction 2. Paid employees' salaries, $6,300. Received $10,000 cash from customers billed in transaction 7. Paid income tax, $1,200. Prepare an equation analysis of the effect of above transactions on the accounting equations.