1. The opening financial position is shown for Sheila's Interior Decorat- ing of Sudbury, Ontario, owned by Sheila Kostiuk. In your Workbook, record the changes required for the seven transactions that follow. After each transaction, calculate the new totals and make sure the accounting equation balances. OWNER'S EQUITY ASSETS LIABILITIES + SHEILA'S INTERIOR DECORATING A/R E. Kerluck Supplies Office Furniture A/P Pine Motors / Home Supply 1 000 S. Kostiuk, Capital Cash Automobile Opening Balances 2 050 150 600 I 200 3 000 TRANSACTIONS 1. Stationery and supplies are purchased from Home Supply on credit for $175. They will be paid for within 30 days. 2. A new desk for the office is purchased for $450 cash. 3. E. Kerluck, a debtor, pays his debt in full. 4. A $300 service is performed for a customer, who pays immediately in cash. 5. A used automobile costing $6500 is purchased from Pine Motors. A down payment of $500 is made. It is agreed that the remainder of the pur- chase price will be paid within three months. 6. Home Supply, a creditor, is paid $700. 7. The owner, Sheila Kostiuk, withdraws $200 from the business for he own use