Analyze each transaction below by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including + or -) for each transaction. The first transaction is shown in the example below. May 1 The company provided $4,000 of consulting services on credit to a customer. May 3 The company purchased $600 of supplies on credit. May 9 The company collected $1,000 cash as partial payment of the May 1 consulting revenue. May 20 The company paid $600 cash toward the payable for supplies. May 31 The company paid $200 cash for May's utilities. Example