CREATOR FULL SCREEN PRUNTER VERSION HACK NEXT Problem 1-01A a-b (Part Level Submission) Pina Colada Corp. was started on May 1. A summary of May transactions is presented below. 1. 2 3. 4. 5. 6. Stockholders invested $21,000 cash in the business in exchange for common stock. Purchased equipment for $4,000 cash. Paid $300 cash for May office rent. Paid $500 cash for supplies. Incurred $150 of advertising costs in the Beacon News on account. Received $5,700 in cash from customers for repair service. Declared and paid a $1,100 cash dividend. Paid part-time employee salaries $1.000. Paid utility bills $140. Performed repair services worth $1,070 on account. Collected cash of $140 for services billed in transaction (10), 7 8. 9. 10. 11 Prepare a tabular analysis of the transactions, Revenue is called Service Revenue (Ir a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration I-8 for example) Pina Colada Corp. Assets Liabilities Stockholders' Equity Accounts Accounts Common Retained Earnings Cash Receivable Supplies Equipment Payable Stock Revenues Expenses Dividends y Policy IF22.2020.1chni