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Required information

$[$The following information applies to the questions displayed below.$]$

Steve's Outdoor Company purchased a new delivery van on January $1$ for $$56,000$ plus $$4,800$ in sales tax. The company paid $$13,800$ cash on the van $($including the sales tax$),$ signing an $8$ percent note for the $$47,000$ balance due in nine months $($on September $30).$ On January $2,$ the company paid cash of $$900$ to have the company name and logo painted on the van. On September $30,$ the company paid the balance due on the van plus the interest. On December $31($the end of the accounting period$),$ Steve's Outdoor recorded depreciation on the van using the straight$-$line method with an estimated useful life of $5$ years and an estimated residual value of $$5,600.$

Required:

Indicate the effects of each transaction on the accounting equation. $($Enter decreases to account categories as negative amounts. If the transaction does not impact the accounting equation choose $"$No effect" in the first column under "Assets".$)$

$\backslash$table$[[$Date$,$Assets,Liabilities,Stockholders' Equity$],[$January $1,$quipment $($Van$),,$Short term note payable,$47,000],[,$Cash,$(138,000),,,],[$January $2,$Equipment $($Van$),(900),,,],[$Cash$,(900),,,],[\backslash$table$[[$September$],[30]],$Cash,,,,Interest expense$],[,,,,$Depreciation expense$]]$