A newly formed company provides the following list of transactions.

Transaction Description Amount
1 Started the company by issuing common stock 45,000
2 Borrow cash by signing a note 9,000
3 Provided services to customers on account 12,000
4 Purchased supplies on account 3,000
5 Paid employees’ salaries for the current month 6,000
6 Paid dividends to stockholders 4,000
Required:

1. Determine the impact of each transaction on the accounting equation.

Note: Not every cell will require a formula or cell reference. If neither is needed, then leave the cell blank.

2. Use a conditional statement to evaluate whether the accounting equation balances.