Transaction 1. Issue common stock in exchange for cash. 2. Purchase business supplies on account. 3. Pay for legal services for the current month. 4. Provide services to customers on account. 5. Pay employee salaries for the current month. 6. Provide services to customers for cash. 7. Pay for advertising for the current month. 8. Repay loan from the bank. 9. Pay dividends to stockholders. 10. Receive cash from customers in (4) above. 11. Pay for supplies purchased in (2) above. Assets Increase Increase = II = = |||||||||||||||| = = = = = Liabilities + + Increase + Increase + + + + + + + Stockholders' Equity + +

\begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Transaction } & \multicolumn{1}{|c|}{ Assets } \\ \hline 1. Issue common stock in exchange for cash. Increase & Liabilities \\ \hline 2. Purchase business supplies on account. & Increase & \\ \hline 3. Pay for legal services for the current month. & & \\ \hline 4. Provide services to customers on account. & & \\ \hline 5. Pay employee salaries for the current month. & & \\ \hline 6. Provide services to customers for cash. & & \\ \hline 7. Pay for advertising for the current month. & & \\ \hline 8. Repay loan from the bank. & & \\ \hline 9. Pay dividends to stockholders. & & \\ \hline 10. Recoive cash from customers in (4) above. & & \\ \hline 11. Pay for supplios purchased in (2) above. & & \\ \hline \end{tabular}