Based on the questions above, please explain to me what assets, liabilities and equities is?

Frank's Balance Sheet Indicate the impact on assets, liabilities and equity of each of the following transactions by placing the dollar amounts of the impact (and a + or - sign to indicate its direction) in the appropriate box) Example: Issued 10,000 shares of stock for $2 per share. Assets Liabilities Equities +20,000 +20,000 A. Borrowed $5,000 from State Bank. B. Purchased equipment, paying $3,000 cash. C. Purchased $8,000 of inventory on credit. Payment is due in 30 days. D. Sold inventory for $6,000 to customers, from whom payment is due in 30 days. The inventory cost Frank $4,000 E. Paid $7,000 cash to suppliers of inventory in partial fulfillment of amounts owed. F. Received $6,000 cash from customers for amounts owed by them. G. Declared an paid cash dividend of $2,000 to shareholders