Transaction Analysis

Goal Systems, a business consulting firm, engaged in the following transactions:

a$.$ Issued common stock for $$100,000$ cash.

b$.$ Borrowed $$60,000$ from a bank.

c$.$ Purchased equipment for $$42,000$ cash.

d$.$ Prepaid rent on office space for $6$ months in the amount of $$9,000.$

e$.$ Performed consulting services in exchange for $$7,100$ cash.

f$.$ Performed consulting services on credit in the amount of $$19,250.$

g$.$ Incurred and paid wage expense of $$10,200.$

h$.$ Collected $$13,500$ of the receivable arising from Transaction $f.$

i$.$ Purchased supplies for $$1,680$ on credit.

j$.$ Used $$1,100$ of the supplies purchased in Transaction i$.$

k$.$ Paid for all of the supplies purchased in Transaction i$.$

Required:

For each transaction described above, indicate the effects on assets, liabilities, and stockholders' equity using the format below. If an amount box does not require an entry, leave it blank. Enter decreases in account values as negative numbers. If the effect of a transaction is to increase AND decrease the same item $($i$.$e$.$ Asset, Liability$),$ enter $"0"$ since the net effect on the item is zero.

Stockholders' Equity