Question: I need help with homework assignment: In response to the following scenario from E3-1 describe the effect of each transaction on assets, liabilities, and stockholder's

I need help with homework assignment:

In response to the following scenario from E3-1 describe the effect of each transaction on assets, liabilities, and stockholder's equity using and excel spread sheet;

Selected transactions for Thyme Advertising Company Inc

Issued common stock to investors in exchange for cash received from investors

Paid monthly rent

Received cash form customers when service was performed

Billed customers for services performed

Paid dividend to stockholders

Incurred advertising expense on account

received cash from customers billed (4)

Purchased additional equipment for cash

Purchased equipment on account

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