Sheila Toliver decided to open Sheila’s Nail Salon. Sheila completed the following transactions:
A. Invested $25,000 cash from her personal bank account into the business.
B. Bought store equipment for cash, $4,000.
C. Bought additional store equipment on account, $6,200.
D. Paid $800 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.