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1. John Amos started the business with a cash investment of $41,000. 2. Purchased equipment for $12,500 on credit. 3. Performed services for $4,000 in

1. John Amos started the business with a cash investment of $41,000.
2. Purchased equipment for $12,500 on credit.
3. Performed services for $4,000 in cash.
4. Purchased additional equipment for $2,700 in cash.
5. Performed services for $4,100 on credit.
6. Paid salaries of $3,500 to employees.
7. Received $1,300 cash from charge account customers.
8.

Paid $5,400 to a creditor on account.

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

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