1. Trixie Maye started her own consulting firm, Matrix Consulting on May 1, 2017.

The following transactions occurred during the month of May:

1- Trixie invested $7,000 cash in the business.

2- Paid $900 for office rent for the month.

3-Purchased $600 of supplies on account.

4- Received $4,000 cash for services performed.

5- Withdrew $1,000 in cash for personal use.

6-Performed $5,400 of services on account.

7-Paid $2,500 for employee salaries expense.

8-Purchase $4000 of supplies and paid $1500 Cash and the remaining balance on account.

9- Trixie performed services for $ 6000 and received cash for $ 3500 and $ 2500 on account.

Instructions

(a) Show the effect of the previous transactions on the accounting equation.