Rockford Enterprises Ltd. had the following selected transactions. 1. Kris Rockford invested 5,500 cash in the business in exchange for ordinary shares. 2. Paid office rent of 1,100. 3. Performed consulting services worth 4,700 on account. 4. Declared and paid a 400 cash dividend. Instructions (a) Indicate the effect each transaction has on the accounting equation (Assets = Liabili- ties + Equity), using plus and minus signs. (b) Journalize each transaction. (Omit explanations.)