Pharoah Company decides to open a pizza parlor near the local college campus that will operate as a corporation. An following transactions for the month of June in terms of their effect on the basic accounting equation. (1) Pharoah Company issues shares of common stock in exchange for $32,000. (2) (3) Purchased supplies for $1,800 cash Purchased equipment for $4,100 paying $2,400 in cash and the remainder due in 30 days. 1 2 3 4 5 6 7 (4) (5) (6) Received a bill from Campus News for $190 for advertising in the campus newspaper. Cash receipts from customers for pizza sales amounted to $2,000. Paid salaries of $170 to student workers. (7) Billed the Tiger Football Team $400 for pizzas ordered. (8) Paid $190 to Campus News for advertising that was previously billed in Transaction 4. (9) Pharoah Company paid a dividends of $1,600. (10) Incurred utility expenses for month on account, $140. Record each transaction by increasing (+) or decreasing (-) the dollar amount of each item affected. Indicate the new ba item after a transaction is recorded. It is not necessary to identify the cause of changes in stockholders' equity. (If Bala then enter either a sign e.g. -15,000 or in parenthesis e.g. (15,000). Enter all transaction amounts as positive appropriate sign from the drop down.)