Rochester Construction begins operations in March and has the following transactions. March 1 Issue common stock for $14,000. March 5 Obtain $7,600 loan from the bank by signing a note. March 10 Purchase construction equipment for $18,000cash. March 15 Purchase advertising for the current month for $1,200 cash. March 22 Provide construction services for $16,600 on account. March 27 Receive $11,600 cash on account from March 22 services. March 28 Pay salaries for the current month of $4,600. Required: Analyze each transaction and show the effects of each on the accounting equation. Note: Decreases to account classifications should be indicated by a minus sign
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