Runnels Arithmetic Designs Company was started on January 1, 2009. The company is authorized to issue 56,000 shares of 4%, $106 par value preferred stock and 620,000 shares of common stock with a par value of $5 per share.

1. Show each transaction in the accounting equation. Some of the account names will be abbreviated. (Use parentheses or a minus sign when entering component decreases or contra-account increases. If a transaction has no effect on the accounting equation, leave the equation blank. Use only the necessary input lines).

January 15: Runnels issued 4,900 shares of common stock for cash at $6 per share.

March 1: Runnels issued 11,500 shares of preferred stock for cash at $113 per share.

July 12: Runnels issued 25,000 shares of common stock for cash at $9 per share.

October 10: Runnels issued 4,300 shares of preferred stock for cash at $111 per share.

December 1: Runnels issued 21,500 shares of common stock for cash at $12 per share.

Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal. Assets Liabilities Account Shareholders' Equity Contributed Capital + Retained Earnings Account Account $ Account Bal