Repaso Eam rt l Ex. 1 Sara Obermeyer decides to open a pizza parlor near the local college campus that will operate as a corporation. Analyze the following transactions for the month of June in terms of their effect on the basic accounting equation. Record each transaction by increasing (+) or decreasing (-) the dollar amount of each item affected. Indicate the new balance of ea is recorded. It is not necessary to identify the cause of changes in stockholders' equity ch item after a transaction Transactions (1) Sara Obermeyer invests $25,000 cash in exehange-for-common stock to start a pizza parlor business on June 1 (2) Purchased equipment for $4,000 paying $2,000 in cash and the remainder due in 30 days (3) Purchased supplies for $1,200 cash. (4) Received a bill from Campus News for $200 for advertising in the campus newspaper. (5) Cash receipts from customers for pizza sales amounted to $1,500 (6) Paid salaries of $200 to student workers. (7) Billed the Tiger Football Team $300 for pizzas ordered (8) Paid $200 to Campus News for advertising that was previously billed in Transaction 4. Sara Obermeyer was paid dividends-of $1,20o. Drawings Incurred utility expenses for month on account, $100