transuctions for September are shown below: Sept. 1 Simon invested $400,000 cash in the business in exchange for 2,000 shares of capital stock. Sept. 4 Land and a building were purchased for $220,000. Of this amount, $100,000 applied to the land, and $120,000 to the building. A cash paryment of 580,000 was made at the time of the purchase, and a note payable was issued for the remaining balance. Sept. 9 Computers were purchased for $14,000 cash. Sept. 16 Office fixtures and equipment were purchased for $50,000. Simon paid $10,000 at the time of purchase and agreed to pay the entire remaining balance in 15 days. Sept. 21 Office supplies expected to last several months were purchased for $2,000 Sept. 24 Simon billed clients $3,400 for services rendered. Of this amount, $1,200 Sept. 27 was received in cash, and $2,200 was billed on account (due in 30 days). A $500 invoice was received for several newspaper advertisements placed in September. The entire amount is due on October 8. Sept. 28 Received a $700 payment on the $2,200 account receivable recorded September 24. Sept. 31 Paid employees $2,400 for salaries earned in September. Instrtctions Prepare an analysis of each of the above transactions which shows which accounts will change a result of each transaction. The September I transaction serves as an example of the form of analysis to be used. September 1 - Cash has been invested in the business therefore the asset Cash was increased by $400,000. Capital Stock has been issued to the owner, Sid Simon. Increases in ownership investment are recorded by increasing the Capital Stock account by $400,000. Summary for this entry: Cash +$400,000, Capital Stock +$400,000