The transactions and adjustments related to the first month of operations of Zoe Amelia Corp. were as follows: Required For the transactions/adjustments given below show the effect, if any, of the transaction entry or adjusting entry on the appropriate balance sheet category or on net income by indicating the account name(s) affected and whether each is an addition (+)or subtraction (-). Items that affect net income should not be shown as affecting stockholders' equity Transaction/Adjustment SE Net Income Issued common stock to the initial stockholders in exchange for their cash investment. + Cash + Prepaid rent Cash a. + + Common stock Signed a lease for office space and paid the first three months of rent in advance c. Purchased office equipment and shelving for cash. Equipment Cash Purchased merchandise inventory; made a partial days Sold merchandise inventory on account for an amount d. payment in cash, and agreed to pay the balance within 30 Accounts payable + Cash +Accounts receivable greater than the cost of the inventory sold f. Paid employees for the first two weeks of the month Cash At the end of the month, accrued wages owed to employees for the second two weeks of the month Recognized rent expense for one month of the payment Wages expense Wages expense Rent expense g. - +Wages payable h. of rent in advance in transaction b (as a reclassificationPrepaid rent adjusting entry)