On April 1, Shamrock, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $29,100 cash in the company in exchange for common stock. 2. Paid $760 cash for April office rent. 3. Purchased office equipment for $3,390 cash. 4. Purchased $330 of advertising in the Chicago Tribune, on account. 5. Paid $540 cash for office supplies. 6. Performed services worth $11,700. Cash of $3,200 is received from customers, and the balance of $8,500 is billed to customers on account. 7. Paid $390 cash dividends. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees’ salaries $1,410. 10. Received $8,500 in cash from customers billed previously in transaction (6).

Consider the market for gas-powered small cars. assume gas-powered small cars are a normal good. for each of the following events, identify which of the determinants of demand or supply are affected. if demand is unaffected by this event because it creates only a supply change, select the “none” option under the “demand determinant” column. similarly, if supply is unaffected by this event because it creates only a demand change, select the “none” option under the “supply determinant” column. event demand determinant supply determinant people decide to have more children. the price of electric small cars falls. the discovery of a new source of iron ore lowers steel prices. an economic recession lowers people’s wealth. a number of major car dealers decide to switch from selling gas-powered cars to selling electric cars. show the effect of the following event on the market for gas-powered small cars: people decide to have more children for each of the four independent situations, prepare the journal entries to record the exchange on the books of each company.