Question: Analyze the following transactions and show their effects the basic accounting equation: a. Issue common shares for $12,500. b. Receive a payment from a customer

 Analyze the following transactions and show their effects the basic accounting

Analyze the following transactions and show their effects the basic accounting equation: a. Issue common shares for $12,500. b. Receive a payment from a customer on his or her account in the amount of $360. c. Make a payment to the bank of $560 for the bank loan. (i) Of this amount, $470 represents interest and (ii) the rest is a repayment of principal. d. Purchase $10,700 of inventory on account. e. Dividends of $370 that were declared and paid. f. Purchase equipment costing $5,300. You pay $1,700 in cash and finance the remainder using a bank loan. g. (i). Sales on account of $14,000 are reported for the period. (ii). The products sold on account had a cost of $10,500. h. Paid $3,300 to suppliers for purchases that were previously made on account. i. Received and paid the telephone bill for the month that totalled $270

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