Analyze and record these transactions. (Enter amounts that decrease account balance using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Indicate whether it is Revenues, Expenses or Dividends declared in the last column. In case if there is no effect then select "Not Applicable". Post entries in the order presented in the problem statement.)

	ASSETS					LIABILITIES		SHAREHOLDERS EQUITY
DATE/REF	CASH	ACCOUNTS RECEIVABLE	INVENTORY	EQUIPMENT	DELIVERY VAN	ACCOUNTS PAYABLE	BANK LOAN PAYABLE	COMMON SHARES	RETAINED EARNINGS	REVENUES/EXPENSES/DIVIDENDS DECLARED

The following transactions of Carswell Wholesale Inc. occurred in the month of September: Date: Sept. 1 4. 7 9 15 19 20 Issued 150 common shares for $15,000. To raise additional capital, Carswell borrowed $7,400 from the bank on a long-term loan. Purchased equipment for $3,300. Purchased inventory costing $1,900 on account. Sold units from inventory to customers, on account, for $3,000. Purchased additional inventory, on credit, at a cost of $1,600 to replace the units sold. Made payments of $2,000 on its accounts payable. Purchased a used delivery van for $11,100. At month end, counted inventory and determined that the cost of the units sold on September 15 totalled $1,300. Paid employee wages of $500 for the month. Received an invoice from the local newspaper for $300 for advertising run during the month of September. The invoice is due on October 15. Paid utilities costs of $110 for the month. During the month, Carswell received $1,630 from customers as payments on their accounts. 21 28 28 29 30 30