Mai Abington decided to open Mai’s Nail Spa. Mai completed the following transactions:
A. Invested $20,000 cash from her personal bank account into the business.
B. Bought store equipment for cash, $2,000.
C. Bought additional store equipment on account, $6,100.
D. Paid $1,200 cash to partially reduce what was owed from Transaction C. Based on this information, record these transactions into the basic accounting equation. Keep a running balance.