Sandhill Co. decides to open a pizza parlor near the local college campus that will operate as a corporation. Analyze the following transactions for the month of June in terms of their effect on the basic accounting equation.

(1)		Sandhill Co. invests $ 28,000 cash in exchange for common stock to start the pizza parlor on June 1.
(2)		Purchased equipment for $ 4,400 paying $ 2,300 in cash and the remainder due in 30 days.
(3)		Purchased supplies for $ 1,100 cash.
(4)		Received a bill from Campus News for $ 160 for advertising in the campus newspaper.
(5)		Cash receipts from customers for pizza sales amounted to $ 1,800.
(6)		Paid salaries of $ 200 to student workers.
(7)		Billed the Tiger Football Team $ 450 for pizzas ordered.
(8)		Paid $ 160 to Campus News for advertising that was previously billed in Transaction 4.
(9)		Sandhill Co. was paid dividends of $ 1,600.
(10)		Incurred utility expenses for month on account, $ 80.

Record each transaction by increasing (+) or decreasing (-) the dollar amount of each item affected. Indicate the new balance of each item after a transaction is recorded. It is not necessary to identify the cause of changes in stockholders' equity. (If Balance is negative then enter either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Enter all transaction amounts as positive and select the appropriate sign from the drop down.)