Transactions made by Haas & Co. for the month of April are shown below. Prepare a tabular summary that shows the effects of these transactions on the basic accounting equation, similar to that shown in Illustration 2.11.

1. The owner invested $50,000 cash in the business.

2. The company purchased $9,000 of office equipment on credit.

3. The company received $10,000 cash in exchange for a Note Payable from the bank.

4. The company paid $2,000 for three months of office supplies.