Effects of Transactions on Balance Sheet Items
Show the Effect

Effects of transactions on balance sheet items
Show the effect of each of the seven listed transactions on the balance sheet items of Renaissance Investment Services, Inc. Indicate the new balances after the transaction of November 2 and each subsequent transaction. The effects of the November 1 transaction are already filled in to provide you with an example.
$$\begin{array} { | l | l | l | } \hline \text { Nov. } & 1 & \text { Issued capital stock for } \$ 200,000 \text {. } \\\hline & 2 & \begin{array} { l } \text { Purchased a small office building at a price of } \$ 86,000 \text { for the land and } \$ 74,000 \text { for } \\\text { the building. Made a cash payment of } 20 \% \text { of the total price and signed a note } \\\text { payable for the balance. }\end{array} \\\hline& 7 & \begin{array} { l } \text { Purchased telephones, computers, and other office equipment for } \$ 58,000 \text {. Paid } \\\$ 23,000 \text { cash and signed a note payable for the balance. }\end{array} \\\hline &12 & \begin{array} { l } \text { Sold one of the computers to a stockholder at its cost of } \$ 3,500 \text {. The stockholder } \\\text { paid } \$ 500 \text { cash and agreed to pay the balance within } 10 \text { days. }\end{array} \\\hline &22 & \text { Received } \$ 3,000 \text { due from the stockholder who had purchased the computer. } \\\hline &30 & \text { Paid } \$ 17,500 \text { on the note payable for the office equipment. } \\\hline\end{array}$$