PLEASE SOLVE THIS PART

Prepare a 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 3-2 for example.)

Transactions for Wildhorse Ltd. for the month of June, its first month of operations, are presented below: June 1 Issued common shares to shareholders in exchange for $2,340 cash. 4 Purchased supplies on account for $259. 7 Billed J. Kronsnoble $328 for welding work done. 18 Received partial payment of $213 from J. Kronsnoble for work billed on June 7. 25 Hired a new employee to start work on July 3. 27 Received cash of $201 from Liu Controls Ltd. as a deposit for welding work to be done in July. 28 Paid for supplies purchased on June 4. 29 Paid $93 for monthly income tax instalment. Prepare a basic analysis. (If no transaction is required, select "No Transaction" for the account titles.) Account Debited Account Credited June 1 Cash Common Shares Supplies Accounts Payable Accounts Receivable Service Revenue Cash Accounts Receivable No Transaction No transaction Cash Unearned Revenue Accounts Payable Cash Income Tax Expense Cash Assets Liabilities Shareholders' Equity Retained Earnings Cash Supplies + Accounts Receivable - Accounts Payable + Unearned Revenue + Common Shares + Service Revenue - Income Tax Expense June 1$