Dr. Schekter, DVM, opened a veterinary clinic on May 1, 2015. The business transactions for May are shown below:

May 1	Dr. Schekter invested $400,000 cash in the business in exchange for 5,000 shares of capital stock.
May 4	Land and a building were purchased for $250,000. Of this amount, $70,000 applied to the land, and $180,000 to the building. A cash payment of $100,000 was made at the time of the purchase, and a note payable was issued for the remaining balance.
May 9	Medical instruments were purchased for $130,000 cash.
May 16	Office fixtures and equipment were purchased for $50,000. Dr. Schekter paid $20,000 at the time of purchase and agreed to pay the entire remaining balance in 15 days.
May 21	Office supplies expected to last several months were purchased for $5,000 cash.
May 24	Dr. Schekter billed clients $2,200 for services rendered. Of this amount, $1,900 was received in cash, and $300 was billed on account (due in 30 days).
May 27	A $400 invoice was received for several radio advertisements aired in May. The entire amount is due on June 5.
May 28	Received a $100 payment on the $300 account receivable recorded May 24.
May 31	Paid employees $2,800 for salaries earned in May.

a.	Analyze the effects that each of these transactions will have on the following six components of the company