Wing Xi decides to pen a pizza parlor near the local college

Wing Xi decides to open a pizza parlor near the local college campus that will operate as a corporation. Analyze the following transactions for the month of June in terms of their effect on the basic accounting equation. (1) Xi invests $25,000 cash in exchange for common stock on June 1. (2) Purchased equipment for $4,000 paying $2,000 in cash and the remainder due in 30 days. (3) Purchased supplies for $1,200 cash. (4) Received a bill from Campus News for $200 for advertising in the campus newspaper. (5) Cash receipts from customers for pizza sales amounted to $1,500. (6) Paid salaries of $200 to student workers. (7) Billed the Tiger Football Team $300 for pizzas ordered. (8) Paid $200 to Campus News for advertising that was previously billed in Transaction 4. (9) Xi paid dividends of $1,200. (10) Incurred utility expenses for the month on account, $100. Record each transaction by increasing (+) or decreasing (-) the dollar amount of each item affected. Indicate the new balance of each item after a transaction is recorded. It is not necessary to identify the cause of changes in stockholders' equity. (If Balance is negative then enter either a - sign e.g. 15,000 or in parenthesis e.g. (15,000). Enter all transaction amounts as positive and select the appropriate sign from the drop down. Leave the field blank if not applicable.)