18. Apple Tree had the following balances when formed: Assets Liabilities Cash $2,400 Notes payable $1,500 Equipment 1,300 Owner's Equity Johnny, capital 2,200 Total assets $3,700 Total liabilities and owner's equity $3,700 During the first year of operations, the following transactions occurred: Collected $12,000 cash in rental revenue. Made a $2,000 investment in equity securities using $1,000 cash and a $1,000 note payable. Incurred and paid $2,000 in cash for utilities expense, $3,500 in rent expense, and $2,200 in wages expense. Johnny, Apple Tree's owner, withdrew $200 in cash from the business and contributed $1,500 in equipment. Show the cumulative effect on the accounting equation from the transactions for the year.

18. Apple Tree bad the following balances when formed: Assets Liabilities Cash $2,400 Notes payable $1,500 Eequipment 1,300 Owrier's Egquity Johreny, enpital 2200 Total assets $3,700 Total liabilities and owner's equity $3,700 Duriag the first year of operations, the followng transactions occurred: - Collected $12,000 cath in rental reverue. - Made a $2,000 investuent in equify secunties using $1,000 cash and a $1,000 note payeble - Incurred and paid \$2,000 in eash for utilities expense, \$3,500 in rent expense, and \$2,200 in wages expense. - Johnry, Apple Tree's owner, withdrew $200 in cash froon the besiness and coetributed $1,500 in equipment. Show the cumulative effect on the necounting equation from the transactions for the year