JOURNAL, T$-$ACCOUNTS, TRIAL BALANCE PLEASE HELP WITH QUESTION $11$When analyzing a transaction outside of the accounting equation. We must consider what each

account is doing on a standalone basis. That is$,$ we are not thinking about how it will show up in

the accounting equation. This means that an account may increase but that increase may show up

as a decrease in the accounting equation. An example is expense. An expense will increase $(+)$ its

related expense account, such as rent expense, each time that is incurred or used. However, this

expense will show up under equity as a minus. This is because it is an outflow of equity in the

equation.

Example: Sun Shine paid rent of $$700.$ How will expense affect the accounting equation?

Accounting equation.

Use the following table to show the effects of transactions $1-10.$ Use $+$ or $-$ and the dollar

amount to show the effects. If a transaction affects only one cell, show the dollar amount and

both $+$ and $-.$ The transactions describe events for Sun Shine Corporation, a photocopying

business.

Shareholders invested $$25,000$ cash to begin the business.

Sun Shine bought a copying machine for $$1,500$ cash.

Sun Shine sold copies to customers for $$900$ cash.

Sun Shine produced copies for Fellows Corporation, its customer. The total sale amount was

$$5,200.$ Sun Shine agreed to bill Fellows for the sale at the end of the month.

Sun Shine paid employees $$4,000.$

Sun Shine bought supplies for $$6,600.$

Sun Shine paid rent of $$1,080.$

Sun Shine paid utilities of $$530.$

Sun Shine bought office furniture for $$780.$

Sun Shine had an unpaid phone bill at month$-$end for $$350.$

Use the a$)$ Journal, b$)$ T Account and c$)$ Unadjusted Trial Balance handouts to record each

transaction in its respective account.