Student Number Q1: Effects of transactions on balance sheet items Show the effect of each of the six listed transactions on the balance sheet items of Renaissance Investment Services, Inc. Indicate the new balances after the transaction of November 2 and each subsequent transaction. The effects of the November 1 transaction are already filled in to provide you with an example. . 1 2 7 Issued capital stock for $200,000 Purchased a small office building at a price of $86,000 for the land and $74,000 for the building. Made a cash payment of 20% of the total price and signed a note payable for the balance Purchased telephones, computers, and other office equipment for $58,000. Pad $23,000 cash and signed a note payable for the balance Sold one of the computers to a stockholder at its cost of $3,500. The stockholder paid $500 cash and agreed to pay the balance witlun 10 days Received $3,000 due from the stockholder who had purchased the computer Paid $17.500 on the note payable for the office equpment 12 22 30 Own Equity Capital Stock . building Lud Cash Account Receivable Ofice Notes Payable $200,000 Novi $200,000 2 Balance 7 Bide 12 22 dans 30 TO English (United Staten