Question 2 Rowand Enterprises had the following selected transactions. 1. Aaron Rowand invested $4.000 in the business in exchange for ordinary shares. 2. Paid office rent of $1,100. 3. Performed consulting services and billed a client $5,200. 4. Declared and paid a $700 cash dividend. Instructions (a) Indicate the effect cach transaction has on the accounting equation (Assets = Liabilities + Equity), using plus and minus signs, (b) Journalize each transaction