Selected transactions for Decorators Mill Ltd. during its first month of operations are presented below:

Mar. 2 Issued common shares for $11,000 cash.

4 Purchased used car for $1,000 cash and $9,000 on account, for use in the business.

10 Billed customers $2,300 for services performed.

13 Paid $225 cash to advertise business opening.

25 Received $1,000 cash from customers billed on March 10.

27 Paid amount owing for used car purchased on March 4.

30 Received $700 cash from a customer for services to be performed in April.

31 Declared and paid $300 of dividends to shareholders.

Instructions

For each of the above transactions, make a (a) basic analysis, (b) equation analysis, and (c) debit-credit analysis.