Part 2: Transaction Analysis Pets Plus is a brand-new pet care company. Analyze each January 2021 transaction for Pets Plus in the form of the accounting equation. If a transaction does not need to be recorded in the accounting records, write "Not an accounting event". The first transaction has been completed for you as an example. a) The owner of Pets Plus contributed $5,000 in exchange for common stock. Assets Liabilities + Stockholders' Equity Cash Common Stock 5,000 5,000 b) Pets Plus ordered $520 of cleaning supplies on account. The supplier billed Pets Plus. Assets Liabilities + Stockholders' Equity c) Pets Plus borrowed $15,000 from Bank of Kansas City. Assets = Liabilities + Stockholders' Equity d) Billy reaches out to Pets Plus to inquire about its dog sitting services. Pets Plus schedules a tour for Billy for next Friday. Assets Liabilities + Stockholders' Equity e) In January Pets Plus provided pet care services and collected $4,500 from customers. Assets Liabilities + Stockholders' Equity f) Pets Plus paid $1,200 in January salaries to its employees. Assets Liabilities + Stockholders' Equity g) Pets Plus purchased new computer equipment. The equipment cost $630 and was purchased using cash. Assets = Liabilities + Stockholders' Equity h) Pets Plus made its first payment of $1,400 to the bank for the note signed in (c) above. Ignore interest for this transaction. Assets = Liabilities + Stockholders' Equity i) Pets Plus paid $9,500 to purchase additional land next to its building, offering an outdoor play area for pets. Assets Liabilities + Stockholders' Equity 3 j) Pets Plus paid $590 for operating expenses. Assets = Liabilities + Stockholders' Equity = k) Pets Plus paid a $900 dividend to its owner. Assets Liabilities + Stockholders' Equity Summarize transactions a-k in the table below, then calculate the ending balances by summing each column. Cash Assets Suppl Equip Land ies ment Liabilities Stockholders' Equity = Accounts Notes + Common Retained Other Payable Payable Stock Earnings Account Title 0 = 0 0 + 0 0 0 0 0 5,000 = + 5,000 = + = + = + + Beg. Bal a b d e f g h i j k End Bal. = + = + = + = + = + = + = +