Enter each transaction into the accounting equation and identify an increase or decrease to assets, liabilities, shareholders€™ equity, revenues, or expenses of Captured Memories Photography, Inc.
1. Captured Memories collected and earned $16,150 in sales revenues.
2. The firm paid $1,500 cash for supplies.
3. Captured Memories paid $1,000 of a $3,000 note payable to creditors.
4. The company paid $1,750 for operating expenses.
5. The company€™s owner provided $6,500 in additional financing in exchange for common stock.
6. The firm declared and paid $1,020 in dividends.
Use the followingformat:

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Shareholders' equity Total Ttal assets Contributed Retained liabilities capital earnings Transaction 1: