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04:43 fG!1U20201014 How these 10 transactions effect Accounting Equation? 1 Owners invest $20,000 of equity capital 2, Equipment costing $7,000 is purchased for $5,000 cash and an account payable of $2,000. 3s Supplies inventory costing $1,000 is bought for cash. 4, Salaries payable of $4,500 are paid in cash. Revenues Of $10,000 are earned, Of v,hich $5,000 has been recovered in cash. The remaining $5,000 is owed to the company by customers. 6s Accounts payable Of $1 ,500 are paid in cash. 7 s Customers pay $1,000 of the $5,000 they owe the company. 8. Rent Expense of $750 is paid in cash. 9, Tax payable of $500 are paid in cash. IOS A $200 travel expense has been incurred but not yet paid.