For each transaction, prepare an equation analysis. (If a transaction causes a decrease in Assets, Liabilities or Shareholders' 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 3.18 for example.)

		Assets	=	Liabilities	+		Shareholders' Equity
																					Retained Earnings
			Cash	+		Supplies	+		Accounts Receivable	=		Accounts Payable	+		Deferred Revenue	+		Common Shares	+		Service Revenue	-		Income Tax Expense
June	1	$	enter a dollar amountIncorrect answer		$	enter a dollar amountIncorrect answer		$	enter a dollar amountIncorrect answer		$	enter a dollar amountIncorrect answer		$	enter a dollar amountIncorrect answer		$	enter a dollar amountIncorrect answer		$	enter a dollar amountIncorrect answer		$	enter a dollar amountIncorrect answer
	4		enter a dollar amountIncorrect answer			enter a dollar amountCorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer
	7		enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer
	18		enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer
	25		enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer
	27		enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer			enter a dollar amountCorrect answer
	28		enter a dollar amountCorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer			enter a dollar amountIncorrect answer
	29		enter a dollar amountIncorrect answer