Hannah Neal began the practice of dentistry on December 1, and will prepare financial statements at the end of each month. During December, Ms. Neal completed these transactions:

a. Invested \(\$ 9,600\) in cash and dental equipment having a \(\$ 2,400\) fair market (cash equivalent) value.

b. Paid the rent on the office space for December, \(\$ 1,800\).

c. Purchased additional dental equipment on credit, \(\$ 6,600\).

d. Completed dental work for a patient and immediately collected \(\$ 150\) cash for the work.

e. Completed dental work for a patient on credit, \(\$ 1,700\).

f. Purchased additional dental equipment for cash, \(\$ 480\).
g. Paid the dental assistant's wages for December, \(\$ 1,200\).
\(h\). Collected \(\$ 1,000\) of the amount owed by the patient of transaction (e).
i. Paid for the equipment purchased in transaction (c).
\section*{Required}
Arrange the following asset, liability, and equity titles in an equation form like Illustration 1-8: Cash; Accounts Receivable; Dental Equipment; Accounts Payable; and Hannah Neal, Capital. Then, show by additions and subtractions the effects of the transactions on the elements of the equation. Show new totals after each transaction.