Assets Liabilities + Equity + Revenue Revenue Expenses Seatwork 2 On July 1, 2014, Emilia Clarke opened a small paint shop with the following transactions for the month: Date: Transactions: 1 Invested 100,000 cash in the business 3 Obtain loan from bank 30,000 5 Purchased equipment for 20,000 7 Purchased goods 50,000 10 Sold goods for 10,000 with cost of sales of 7,000 Withdraw cash of 5,000 25 Paid electric bill of 3,000 31 Paid salaries of 5,000 15