Transaction Analysis Grace Stewart began the Stewart Answering Service in December. The firm provides services for professional people and is currently operating with leased esupment. On January 1, the assets and liabilities of the business were CAT $6400 Accounts Revivabile 6.300 Accounts Paya 1.600 Notes Payable 1,500 Common Steck 10,200 Retained Earning The following transactions occurred during the month of January 1 Paid rec un office and equipmen for January 1.800 2 Cotected $6.000 on account bom dans 3 Borowed $3.000 from a bank and signed ancos payable for that amount 4 Biled cients for work performed on account, $12,500 5 Paid $1,400 on accounts payable 9 Received invoice for January advertising $800 Paid january salaries $3,200 Paid January utlicies, $430 Paid stockholders a dividend of $3,600 cash 10 Purchased a printer ton january 311 for business una, $1,400 11 Paid $30 to bank as January interest on the outstanding now payable