a. The ounc imestend 515,000 ash into the business. Description of transaction (a) Exercise 1-21 Effects of transactions on the accounting equation LO6, 7,2/COO a. Moon invested $2,500 worth of equipment into her business along with $3,000 cash. b. Submitted a series of articles to The Globe and Mail and received $6,500cash. c. Purchased supplies on credit; $600. d. Paid the part-time administrative assistant's salary of $1,450. e. Moon ordered $3,000 of office equipment from the IKEA catalogue. It is scheduled to arrive in A f. Paid the rent for the first month; $1,400. g. Submitted an article to Report on Business; will receive $4,500 next month. Using the format provided below, show the effects of the activities listed in (a) through (g). For eno iction that affects equity, include a brief rent expense, and salaries expense). 2. Use additions and subtractions to show the transactions' effects on the elements of the equation. Do not determine new totals for the items of the equation after each transaction. Next to each change in equity, state whether the change was caused by an investment, a revenue, an expense, or a withdrawal. Determine the final total for each item and verify that the equation is in balance. 3. Prepare an income statement, a statement of changes in equity, and a balance sheet using the formats provided. Analysis Component: Littlechild Enterprises' assets are financed 76% by debt. What does this mean? As part of your answer, include an explanation of how the 76% was calculated