View Policies Current Attempt in Progress You are presented with the following transactions for Paddick Enterprises Ltd. for the month of February: Feb. 2 Purchased supplies on account, $700. 3 Purchased equipment for $15,000 by signing a bank loan due in three months. 6 Earned service revenue of $51,000. Of this amount, $30,000 was received in cash. The balance was on account. 13 Declared and paid $600 of dividends to shareholders. 18 A customer paid $1,500 in advance for services to be performed next month. Paid the amount owing for the supplies purchased on February 2. 23 Collected $21,000 of the amount owing from the February 6 transaction. 20 24 27 28 2 2 2 2 2 2 Paid office expenses for the month, $21,000. Recorded salaries due to employees for work performed during the month, $14,000. Paid interest of $50 on the bank loan signed on February 3. Prepare a basic analysis. (In Feb. 6. transaction, enter answers in alphabetical order for Account Debited column.) Account Credited Account Debited Feb. 2 3 6 13 18 20 23 24 27 28 List of Account -15 E Prepare an equation analysis. (If a transaction causes a decrease in Assets, Liabilities or Shareholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3.2 for example.) I Transaction Feb. 2 $ 3 9 Assets Cash + Accounts Receivable + Supplies . Equ $ $ 13 23 2222222 18 20 24 27 28 Totals $ $ Prepare a debit-credit analysis. (Enter answers in the order of accounts recorded in the basic analysis above.) Account Debited Account Credited Feb. 2 3 6 1 6 13 18 20 23 24 27 28 List of Accounts -15 -15 E Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation MacBook Air Debit Credit :