assets Invested 15000 in cash Purchase equipment on account 4000 Paid 1000 as office rent Borrowed 1200 from a bank on a note payable Perform service for a cash of 2000 and on account 1600 Monthly expenses 500, 600, 300 for Telphone, Power, and Utilities assets Invested 15000 in cash Purchase equipment on account 4000 Paid 1000 as office rent Borrowed 1200 from a bank on a note payable Perform service for a cash of 2000 and on account 1600 Monthly expenses 500, 600, 300 for Telphone, Power, and Utilities Find Assets , Liabilities and owners Equity