Transaction Description	Revenue	Expenses	Assets	Liabilities	Owners Equity
1. Purchased machinery for $5,000, paying $1,000 cash and issuing a $4,000 note payable for the balance.	NE	NE	I	I	NE
2. Billed clients $16,000 on account.	I	NE	NE	NE	NE
3. Recorded a $500 maintenance expense, of which $100 was paid in cash, and the remaining amount was due in 30 days.	NE	I	NE	I	NE
4. Paid an outstanding account payable of $400.	NE	NE	D	D	NE
5. Recorded monthly utilities costs of $300. The entire amount is due in 20 days.	NE	I	NE	I	NE
6. Declared a $40,000 dividend to be distributed in 60 days.	NE	I	NE	I	D