Pharoah Company had the following selected transactions. 1. Kim Leppard invested $5.275 cash in the business in exchange for common stock. 2. Paid office rent of $1,002. 3. Performed consulting services and billed a client $4.958. 4. Declared and paid a $633 cash dividend. (a) Your answer is correct. Indicate the effect each transaction has on the accounting equation (Assets = Liabilities + Stockholders' Equity), using plus and minus signs. Assets : Liabilities + Stockholders' Equity e Textbook and Media Attempts: 2 of 3 used (b) Journalize each transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4