7. Transactions for the month of August by Dawd & Co., a public accounting firm, are shown below. Make a table that shows the effects of these transactions on the accounting equation, like the tabular analysis discussed in class. 7.1 The owner, John Dawd, invested $25,000 of cash in the business. 7.2 Equipment was purchased on credit, $7,000 7.3 Services were performed for customers for $8,000. Of this amount, $2,000 was received in cash and $6,000 is due on account. 7.4 Rent of $850 was paid for the month. 7.5 Customers on account paid $4,000 7.6 The owner withdrew $1,000 of cash for personal use. w Steam