Tucker Company shows the following transactions for the accounting period ending December 31, Year 1:

Sold books to customers for $68,000 on account

Collected $56,000 from customers

Issued common stock for $16,000 cash

Prepaid four months' rent for $8,800 on October 1, Year 1

Purchased supplies for $21,000 cash

Physical count shows $6,500 of supplies remained on December 31, Year 1

Recorded adjustment for prepaid rent used

Show how the above transactions and year-end adjustments affect the accounting equation.

(Note: There is no need to provide appropriate account titles for the Retained Earnings amounts in the last column of the table.)

	Assets				=	Liabilities	+	Stockholders' Equity
	Cash	Accounts Receivable	Prepaid Rent	Supplies				Common Stock	Retained Earnings
1.
2.
3.
4.
5.
6.
7.
Totals