Tapping your brain......I completed this assignment a number of years ago at Harvard. I cannot find my original solved version and spreadsheet. The current sample problem does not give a good version of spreadsheet (too messy, or non existent). I am curious to see if you have a user friendly type answer, since some people just make up BS and try to blow smoke up your hiney. I am an accountant and am always looking for better ways to do things.

Wrote a minimum 150-word response describing the effect of each transaction on assets, liabilities, and stockholders equity.

Answered the following scenarios:

• Issued common stock to investors in exchange for cash received from investors.
• Paid monthly rent.
• Received cash from customers when service was performed.
• Billed customers for services performed.
• Paid dividend to stockholders.
• Incurred advertising expense on account.
• Received cash from customers billed in (4).
• Purchased additional equipment for cash.
• Purchased equipment on account.