Transaction Type

$($AII$)$

Issue common stock for cash

Purchase supplies on account

Provide services to customers for cash

Pay workers' salaries for the month

Pay suppliers on account

Pay dividends to stockholders

Individual Transactions

equired: $\backslash (\backslash$square $\backslash )$

Complete this question by entering your answers in the tabs below.

Determine the total effect on the accounting equation for the entire year for all transactions combined. Verify the accounting equation balances.

Determine the effect on the accounting equation for the entire year for all purchases of supplies on account.

On April $8$ and $19,$ supplies were purchased on account. To record these purchases for the month of April, determine the two accounts involved, the amount to record in each account, and whether the account balances increase or decrease. Complete this question by entering your answers in the tabs below.

The company has a policy of paying for all purchases on account on the $5$th of the month following the purchases. To record the payment on May $5$ for purchases of supplies in April, determine the two accounts involved, the amount to record in each account, and whether the account balances increase or decrease. Complete this question by entering your answers in the tabs below.

What is total service revenue for the year and by how much did these transactions affect stockholders' equity?

Service revenue

$.$ Stockholders' equity

Req $2$C