Required Information

PA$3-4($Static$)$ Analyzing, Journalizing, and Interpreting Business Activities $[$LO $3-3,$ LO $3-5]$

$[$The following information applies to the questions displayed below.$]$

The following events occurred soon after Pat Hopkins established Ona Cloud Corporation $($OCC$)$ as a provider of cloud computing services.

a$.$ On September $1,$ Pat contributed $$10,000$ for $1,000$ shares of OCC.

b$.$ On September $8,$OCC borrowed $$30,000$ from a bank, promising to repay the bank in two years.

c$.$ On September $10,$ OCC wrote a check for $$20,000$ to acquire computer equipment.

d$.$ On September $15,$ OCC received $$1,000$ of supplies purchased on account.

e$.$ On September $16,$ OCC paid $$1,500$ for rent for the first half of September.

f$.$ Through September $22,$ OCC provided its customers $$8,000$ of services, of which OCC collected $$6,000$ in cash.

g$.$ On September $28,$ OCC paid $$200$ for Internet and phone service this month.

h$.$ On September $29,$ OCC paid wages of $$4,000$ for the month.

i$.$ On September $30,$ OCC submitted its electricity meter reading online and determined that the total charges for the month will be $$300.$ This amount will be paid on October $14$ through a preauthorized online payment.

PA$3-4($Static$)$ Part $1$

Required:

Indicate the accounting equation effects of the September events, using table below. $($Enter any decreases to Assets, Liabilities, and Stockholder's Equity with a minus sign.$)$

$\backslash$table$[[$Assets$,=,$Liabilities,,$],[$a$.,,,,,],[$b$.,,,,,]]$