The Business Center had the transactions listed below during the month of June. Show how each transaction would be recorded in the accounting equation. Compute the totals at the end of the month. The headings to be used in the equation follow.

TRANSACTIONS
1. Jesse Campbell started the business with a cash investment of $120,000.
2. Purchased equipment for $44,000 on credit.
3. Performed services for $6,200 in cash.
4. Purchased additional equipment for $9,200 in cash.
5. Performed services for $10,100 on credit.
6. Paid salaries of $8,900 to employees.

7. Received $6,400 cash from charge account customers.
8. Paid $26,000 to a creditor on account.

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Cash + Assets Accounts Receivable + Equipment = = Liabilities + Accounts Payable + Jesse Campbell, Capital Owner's Equity + Revenue Expenses