Transactions (1) Issued ordinary shares in exchange for $50,000 cash on June 1. (2) Purchased laundry equipment for $10,000 paying $4,000 in cash and the remainder due in 30 days. (3) Purchased laundry supplies for $2,200 cash. (4) Cash receipts from customers for cleaning and laundry amounted to $1,500. (5) Paid salaries of $1200 to student workers. (6) Billed the Lion Soccer Team $200 for cleaning and laundry services. (7) Paid dividends of $900. Notes: Solve on a seperate sheet and upload used the below suggested format Trans- Accounts Accounts Share Retained action Cash + Receivable + Supplies Equipment = Payable Capital + Earnings (1)