Rochester Construction begins operations in March and has the following transactions.

March 1 Issue common stock for $18,000. March 5 Obtain $8,400 loan from the bank by signing a note.

March 10 Purchase construction equipment for $22,000 cash.

March 15 Purchase advertising for the current month for $1,100 cash.

March 22 Provide construction services for $17,400 on account. March 27 Receive $12,400 cash on account from March 22 services.

March 28 Pay salaries for the current month of $5,400.

Required: Analyze each transaction and show the effects of each on the accounting equation. Note: Decreases to account classifications should be indicated by a minus sign.