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Assets = Cash in Bank Accounts Receivable Computer Equipment Office Furniture 2 3 45 LO Liabilities Owners Equity Accounts Payabl Jan Swift, Capital 6 Cash

Assets = Cash in Bank Accounts Receivable Computer Equipment Office Furniture 2 3 45 LO Liabilities Owners Equity Accounts Payabl Jan Swift, Capital 6 Cash increase $30000 Capital increase $30000 1. Jan Swift, owner, deposted $30000 into the business checking account 2. The owner transferr3e3d to the business a desk and chair valued at $700 3. WordService issued a check for $4000 for the purchase of a computer 4. The business bought office furniture on account for $5000 from Eastern Furniture 5. The desk and chair previously transferred the business by the owner were sold on account for $700 6. WordService wrote a check for $2000 in partial payment of the amount owed to Eastern Furniture Company

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