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1) Using the following information, provide the complete accounting equation. 10 points Use this information to Provide the accounting equation Equity 325,000; Assets S460,000 Liabilities

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1) Using the following information, provide the complete accounting equation. 10 points Use this information to Provide the accounting equation Equity 325,000; Assets S460,000 Liabilities S200,000; Assets $420,000 Equity $1,025,000 Liabilities $350,000 2) For each transaction, identify which account is debited and which account is credited. Use proper account titles. 10 points Debit Credit Transaction Received cash on account from Ja customer The sole proprietor, Roberto Sanchez, withdrew cash for personal use. Purchased office supplies on laccount Received cash from customers for services to be performed next month Paid employee's salary

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