Assets = Liabilities + Owner' s Equit Horace Brock, Accounts Accounts Cash Receivable+Equipment Payable + CapitalR evenue Expenses 1. $ 82,000 + $ 8,000 + $60,000- $40,000 + $110,000 $+12, 1. +12,000 -7,800 -4, 2 -6,910 5.+1,800 +7,800 -4, 2 4 $ 6, 910 6 +13, 38 +13, 38 -4, 32 4, 32 The above equation shows the effects of a number of transactions that took place at Brock Auto Repair Company during the month of July. Describe each transaction. 4 5 cash Receivable Equipment PayableCapital Revenue Expenses Bal. 82,000 $ 8,000 $60,000$40,000 $110,000+ $+12,000 1. +12,000 2.7,800 3. -4, 200 4 5. +1, 800 6 +7,800 -4, 200 6,910 6,910 -1,800 +13,380 +13,380 7. 4,320 4, 320 The above equation shows the effects of a number of transactions that took place at Brock Auto Repair Company during the month of July. Describe each transaction. 1. 2. 3 4 5 6