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KINKO opens a research service near a college campus with the name of" KINKO'S RESEARCHERS"

Accounting

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KINKO opens a research service near a college campus with the name of" KINKO'S RESEARCHERS". During the first month of operations business engages in following transactions. You are required to show effects of these transactions on Accounting Equation.                                                                                                                            

a.     Commenced business with a Capital of $25,000

b.     Company purchases on account office supplies costing $ 350.

c.      Kinko's pays cash of $20,000 to acquire a lot next to the campus. The company intends to use the land as a building site for a business office.

d.     Kinko's researchers performs research for clients and receive cash of $1900.

e.      Kinko's researchers pays $100 on the accounts payable it created on transaction b.

f.       Kinko's researchers pays cash $500 for office rent.

g.     The business sells a piece of land for its cost of $ 5000.

h.     Business declares and pays cash dividend of $1200.