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Transaction Analysis Gosi Systems, a buwiness consulting firm, engaged in the following transactionsi a. Issued common stock for $100,000 cash. b. Borrowed $60,000 trom a

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Transaction Analysis Gosi Systems, a buwiness consulting firm, engaged in the following transactionsi a. Issued common stock for $100,000 cash. b. Borrowed $60,000 trom a bank. c. Purchased equipment for $42,000 cash. d, Prepaid rent on oflice space for 6 months in the amount of $9,000. e. Performed consulting services in exchange for $7,100cash, 1. Performed consulting services on credit in the amount of $19,250. 9. Ifcurred and paid wage expense of $10,200. h. Collected $13,500 of the receivable arising from Transaction f. 1. Purchased supplies for $1,680 on credt. 1. 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 amiount box does not require an entry, lewve it blank. Enter decreases in account values as negative numbers. If the effect of a transaction is to increase ANO decrease the same item (li.e. Asset, liabity), enter "O* since the net effect on the item is zero. Stockholders' Equity Assets = Liabilities + Contributed Capital a. b. c. d. e. f. g. h. i. j. k

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