2. Part Three-Determining How Transactions Change an Accounting Equation QUESTION ASSETS Transactions 1. Received cash from owner as an investment, $10,000.00. Paid cash for insurance, $3,000.00 2. 3. 4. Bought supplies on account from Conrad Supplies, $1,500.00. Paid cash on account to Conrad Supplies, $1,000.00. Received cash from sales, $2,700.00 5. 6. Sold services on account to Ashley Computers, $3,300.00 Courtney Celeste is starting Celeste Consulting Services, a small service business. Celeste Consulting Services uses the accounts shown in the following accounting equation. Use the form to record the following transactions. Use a plus sign (+) to indicate an increase and a minus sign (-) to indicate a decrease. Calculate new balances for all accounts after each transaction. You must enter an amount for each cell in a New Bal.row, including amounts for zero (0) balances. Assets Liabilities Owner's Equity Trans. Accounts Receivable Prepaid Accounts Payable Conrad No. Cash Supplies + Courtney Celeste, Capital Insurance Ashley Computers Supplies Beg. Bal. 0 0 0 0 0 0 1 New Bal. 2 New Bal. 3 New Bal. 4 0 New Bal. 5 New Bal. 6 New Bal