uring 2022, its first year of operations as a delivery service, Metlock Corp. entered into the following transactions.

1.		Issued shares of common stock to investors in exchange for $108,000 in cash.
2.		Borrowed $48,600 by issuing a note.
3.		Purchased delivery trucks for $64,800 cash.
4.		Performed services for customers for $17,280 cash.
5.		Purchased supplies for $5,076 on account.
6.		Paid rent of $5,616.
7.		Performed services on account for $10,800.
8.		Paid salaries of $30,240.
9.		Paid a dividend of $11,880 to shareholders.

Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to revenues or expenses in the right-hand margin. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

		Assets							=	Liabilities			+	Stockholders Equity
																Retained Earnings
		Cash	+	Accounts Receivable	+	Supplies	+	Equipment	=	Accounts Payable	+	Notes Payable	+	Common Stock	+	Revenues		Expenses		Dividends
(1)		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
(2)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
(3)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
(4)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an explanation Service RevenueRent ExpenseAdvertising ExpenseRent RevenueSalaries and Wages Expense
(5)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
(6)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an explanation Rent RevenueRent ExpenseSalaries and Wages ExpenseService RevenueAdvertising Expense
(7)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an explanation Salaries and Wages ExpenseAdvertising ExpenseRent ExpenseService RevenueRent Revenue
(8)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an explanation Rent ExpenseService RevenueAdvertising ExpenseRent RevenueSalaries and Wages Expense
(9)		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount