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Oriole Company had the following selected transactions. 1. Kim Leppard invested $6,833 cash in the business in exchange for common stock. 2. Paid office rent
Oriole Company had the following selected transactions. 1. Kim Leppard invested $6,833 cash in the business in exchange for common stock. 2. Paid office rent of $1,298. 3. Performed consulting services and billed a client $6,423. 4. Declared and paid a $820 cash dividend. Indicate the effect each transaction has on the accounting equation (Assets = Liabilities + Stockholders' Equity), using plus and minus signs
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