I need help with question 4 please.

Transactions On April 1 of the current year, Morgan Jones established a business to manage rental property. She completed the following transactions during April: a. Opened a business bank account with a deposit of $60,000 in exchange for common stock. b. Purchased office supplies on account, $1,800. c. Received cash from fees earned for managing rental property, $22,300. d. Paid rent on office and equipment for the month, $7,000. e. Paid creditors on account. $1,100. f. Billed customers for fees earned for managing rental property, $3,600. g. Paid automobile expenses for month, $750, and miscellaneous expenses, $1,000. h. Paid office salaries, $4,000. i. Determined that the cost of supplies on hand was $250; therefore, the cost of supplies used was $1,550. j. Paid dividends, $5,000. Required: 1. Indicate the effect of each transaction and the balances after each transaction: For those boxes in which no entry is required, leave the box blank. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) Assets Liabilities + Assets Liabilities Stockholders' Equity Item Accounts Cash + + Receivable Supplies + Common Stock Dividends + + Accounts Payable D Fees Earned Rent Expense Sal. Expense Supp. Expense Auto Expense - Misc. Expense Item a. 60,000 V 0 07 60,000 0 o b. 07 o 1,800 o 0 1,800 0 0 0 07 o 0 o o 07 o 0 Bal 0 60,000 V 1,800 1,800 0 50,000 0 0 07 o 22,300 0 0 07 0 0 22,300 0 0 O b. O 0 Bal. oc O Bal. o d. 0 Bal 82,300 1,800 o 0 0 07 1,800 0 22,300 0 0 d. 7,000 / 60,000 07 o 0 -7,000 o o 0 0 0 o Bal 75,300 0 1,800 1,800 V o 27,300 -7,000 O 0 -1,100 60,000 o 0 o Bal 0 -1,100 0 0 0 D 0 D Bal. 74,200 1,800 o 7,00D / 0 3,600 700 0 22,300 D o 0 60,000 07 0 16 0 Bal 07 07 0 o 3,600 o 0 0 O Bal. 1. 3,600 1,800 700 74,200 -1,750 60,000 / 07 -7,000 0 9. 0 25,900 0 0 0 D o -750 D o O o o o 07 o Bal. 72,450 3,600 1,800 700 60,000 o h. 4,000 o v 0 o 0 Bal. -1,000 9 -1,000 Bal 0 h h. V O 25,900 0 -7,000 0 0 0 0 -750 o -4,000 V Bal. 68,450 3,600 700 60,000 0 1,800 1,550 -7,000 -4,000 , o -1,000 Bal. 0 0 25,900 07 0 0 -750 o 0 0 D - 1,550 o Bal. 68,450 250 700 3,600 o 07 o -5,000 -7,000 -4,000 60,000 07 25,900 7 07 -1,550 -750 -1,000 Bal . 1- -5,000 0 0 0 0 0 0 0 i. Bal. 63,450 3,600 / 250 700 60,000 -5,000 25,900 -7,000 4,000 -1.550 -750 -1,000 Bal. . Stockholders' equity is the right of stockholders (owners) to the assets of the business. These rights are increased by issuing common stock and revenues and decreased by dividends and expenses. 14. How much did April's transactions increase or decrease stockholders' equity? Increased by $ 1,400 x