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TRANSACTIONS

Justin Cole started the business with a cash investment of $$47,000.$

Purchased equipment for $$15,500$ on credit.

Performed services for $$3,400$ in cash.

Purchased additional equipment for $$3,300$ in cash.

Performed services for $$4,400$ on credit.

Paid salaries of $$3,800$ to employees.

Received $$1,900$ cash from charge account customers.

Paid $$7,800$ to a creditor on account.

Show how each transaction would be recorded in the accounting equation.

Note: Enter decreases to account balances with a minus sign.

$\backslash$table$[[,$Assets,$=,\backslash$table$[[$Liabilities$],[$Accounts$],[$Payable$]],\backslash$table$[[,$Owner's Equity,,,,,,,,$],[,$Cash,$+,\backslash$table$[[$Accounts$],[$Receivable$]],+,$Equipment,,,,$\backslash$table$[[$Justin Cole,$],[$Capital$]],+,$Revenue,$-,$Expenses$],[1.,,+1,,+,,=,,+,,+,,-,],[2.,,+1,,+,,=,,+,,+,,-,],[3.,,+,,+,,=,,+,,+,,-,],[4.,,+,,++,,=,,+,,+,,-,],[5.,,+,,+,,=,,+,,+,,-,],[6.,,+,,+,,=,,+,,+,,-,]]]]$

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