score QUESTION TWO (15marks) Below is a list of activities for Devan Incorporated. Transaction 1. Provide services to customers on account,$1600. Assets +$1600 S 2. Pay $400 for current month's rent. 3. Hire a new employee, who will be paid $500 at the end of each month. 4. Pay $100 for advertising aired in the current period. 5. Purchase office supplies for cash, $500 6. Receive cash of $1000 from customers In (1) above. 7. Obtain a loan from the bank for $7000 8. Receive a bill of $200 for utility costs in the current period. 9. Issue common stock for $10000 cash. 10. Pay $500 to employee in (3) above. Totals = Liabilities + Stockholders' Equity +$1600