The following transactions occurred during March 2013 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 30,000 shares of ordinary shares in exchange for $300,000 in cash. 2. Purchased equipment at a cost of $40,000 $10,000 cash was paid and a note payable was signed for the balance owed 3. Purchased inventory on account at a cost of $90,000. The company uses the perpetual inventory system 4. Credit sales for the month totaled $120,000. The cost of the goods sold was $70,000. 5. Paid $5,000 in rent on the warehouse building for the month of March. 6. Paid $6,000 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2013 7. Paid $70,000 on account for the merchandise purchased in 3. 8. Collected $55,000 from customers on account. 9. Recorded depreciation expense of $1,000 for the month on the equipment. Damlad. Required: Analyze each transaction and show the effect of each on the accounting equation for the corporation. The first transaction is recorded as an example. (Select "NA" if the category is not affected.) Assets Liabilities Issued Capital + Retained Earnings 1. +300,000 +300,000 2. - 10,000 +10,000 -10,000 NA +40,000 +30,000 (Click to select) (Click to select) 3. (Click to select) (Click to select) (Click to select) (Click to select) 4. (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) 5. (Click to select) (Click to select) (Click to select) (Click to select) 6. (Click to select) (Click to select) (Click to select) (Click to select) 7. (Click to select) (Click to select) (Click to select) (Click to select) 8. (Click to select) (Click to select) (Click to select) (Click to select) 9 (Click to select) (Click to select) (Click to select) (Click to select)