and increase revenue LO 2 Practice Show me HOW 11 EXERCISE 1-5 Describe a transaction that resulted in each of the following entries affecting the accounting equation. Assets Liabilities + Owner's Equity Office Professional Accounts Cash + Equipment + Equipment Payable + B. Lake, Capital (a) +18,200 +18,200 (b) -1,375 +1,375 Bal. 16,825 1,375 18,200 (c) +640 +640 Bal. + 18,200 640 1,375 16,825+ +7,000 +4,800 (d) -2,200 5,440 18,200 8,375 Bal. 640 14,625 + -1,000 (e) -1,000 4,440 18,200 Bal. 13,625 + 22,640 640 + + + 640 + 8,375 22,640