Transaction 1. Provide services to customers on account, $1,730. 2. Pay $320 for current month's rent. 3. Hire a new employee, who will be paid $630 at the end of each month. 4. Pay $110 for advertising aired in the current period. 5. Purchase office supplies for $320 cash. 6. Receive cash of $1,130 from customers in (1) above. 7. Obtain a loan from the bank for $8,300. 8. Receive a bill of $470 for utility costs in the current period. 9. Issue common stock for $11,300 cash. 10. Pay $630 to employee in (3) above. Totals Assets $ 1,730 = S + $ (320) = $ 0 = $ (110) = + Liabilities 0 $ 1,730 + $ (320) + $ (110) Stockholders' Equity 320 = + = + $ (1,130) = = + + $ SA 8,300 |= $ 8,300 + = $ 470 + $ 11,300 = + $ 11,300 6969 (630) = + $ (630) 19,460 = S 8,870 + $ 11,970