Use the business transactions below to: 1 AN 5 6. 7. 8 9 10 Stockholders invest $40,000 in cash in starting a real estate office operating as a corporation Purchased $500 of supplies on credit. Purchased equipment for $25.000, paying $3.500 in cash and signed a 30-day $21.500, note payable. Real estate commissions billed to clients amount to $4.000. Pald $700 in cash for the current month's rent. Paid $250 cash on account for office supplies purchased in transaction 2. Received a bill for $800 for advertising for the current month Pald $2,500 cash for office salaries Paid $1.200 cash dividends to stockholders Rectlved a check for $2.000 from a client in payment on account for commissions billed in transaction 4 indicate the basic accounting equation and prove that it balances Assets Liabilities Stockholder's Equity $ $ Sarelle Attempts: 0 of 1 used Submit An