2: Data Table ASSETS = LIABILITIES + EQUITY Contributed Capital Retained Earnings Cash + + Equipment = Accounts + - Dividends + - Accounts Receivable Common Stock +31,000 Service Revenue Salaries Expense payable 1 +31,000 +3,800 +3,800 Bal. $31,000+ $3,800 + $31,000 + + $3,800 +13,400 +13,400 Bal. $13,400 = $13,400 + $31,000 + $3,800 $31,000+ +190 $3,800 + -190 $31,190 + $3,610 + $13,400 + $31,000 + $3,800 $13,400 = +410 -410 Bal. $3,610 + $13,810 = $31,000 $3,800 + $30,780 + -8,000 $13,400 + -8,000 Bal. $3,610 + $13,810 = $5,400 + $31,000 + $22,780 + +790 $3,800 +790 $3,610 + $13,810 = $5,400 + $31,000 $4,590 $23,570 + -1,500 8 - 1,500 $22,070 $3,610 $13,810 $5,400 $31,000 $4,590 $1,500 (1) O O Cash purchase of equipment Collected cash on account Dividends O Paid cash on account O Purchased equipment on account Earned revenue and received cash Earned revenue on account Issuance of common stock to stockholders O Paid cash for salaries expense O Paid cash on account O Purchased equipment on account (2) O Earned revenue and received cash O Cash purchase of equipment O Earned revenue on account O Collected cash on account Issuance of common stock to stockholders O Dividends O Paid cash for salaries expense O Paid cash on account O Purchased equipment on account (3) O O Cash purchase of equipment O Collected cash on account Dividends O Earned revenue and received cash Earned revenue on account Issuance of common stock to stockholders O Paid cash for salaries expense (4) O Paid cash on account O Purchased equipment on account O Cash purchase of equipment O Collected cash on account O Dividends O Earned revenue and received cash Earned revenue on account Issuance of common stock to stockholders O Paid cash for salaries expense O Paid cash on account O Purchased equipment on account (5) O O Cash purchase of equipment O Collected cash on account Dividends Earned revenue and received cash Earned revenue on account Issuance of common stock to stockholders O Paid cash for salaries expense O Paid cash on account O Purchased equipment on account (6) O Cash purchase of equipment Collected cash on account O Dividends O Earned revenue and received cash Earned revenue on account Issuance of common stock to stockholders O Paid cash for salaries expense O Paid cash on account O Purchased equipment on account (7) O O Cash purchase of equipment O Collected cash on account O Dividends Earned revenue and received cash Earned revenue on account Issuance of common stock to stockholders O Paid cash for salaries expense O Paid cash on account O Purchased equipment on account (8) O O Cash purchase of equipment O Collected cash on account Dividends Earned revenue and received cash Earned revenue on account Issuance of common stock to stockholders O Paid cash for salaries expense 4. The analysis of the first eight transactions of Advanced Accounting Service follows. Describe each transaction. 2(Click the icon to view the transactions.)