IPW, Inc. began operations on January 1, 2013. The seven transactions recorded during January by the company accountant are shown in the following T-accounts:

Complete the following table. For each transaction shown, determine the accounts affected, the type of account, whether the account increases or decreases, and whether it would be recorded in the journal on the debit or credit side.

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Cash 1010 Eqit1040 Dividends 3020 (1) 15,000 (2 3,000(2 3,000 3,000 1,000 1,000 250Bal 2,300 1,000 Bal Service Revenue 4010 Accounts Payable 2010 250 (3 600 Ba 8,450 (4)4500 4,500 350 Common Shares 3010 (115,000 Bal Bal Accounts Receivable 1020 4,500 4,500 Operating Expenses 5010-5040 4 Bal Bal 5,000 (6) 2,300 2,300 Bal Supplies 1030 600 600 Bal Dr. or Cr Dr. Transaction Accounts Affected Type Asset Cash Increase Common Shares Shareholders' Equity Increase Cr