Business Name Transactions Instructions: Doty Law Inc. Sam Doty opened a law practice during the month of September and provided you with the following data: 1. Invested $8,000 in business 2. Purchased $500 of supplies of cash 3. Purchased $4,000 of equipment on account. 4. Received $3,000 in legal fees. 5. paid salaries of $800 6. A count of supplies on September 30th showed $200 of suplies were used. 7. Paid $1,000 owed to creditor. 8. Withdrew $1,500 from the business. Prepare the Equation Analysis for the transactions above. Doty Law Inc. Beginning Transaction 1 Cash Transaction 2 - 500 Transaction 3 Transaction 4 Transaction 5 Transaction 6 Transaction 7 Transaction 8 Transaction 9 Transaction 10 Transaction 11 Transaction 12 Ending -500 Fundamental Accounting Equation Verification Assets ASSETS Liabilities LIABILITIES OWNER'S Total Assets 0 0 - 500 Total Liabilities EQUITY Your Name, Total Zero Capital Equity Proof 0 0 0 0 0 0 0 0 (500) -500 0 0 (500) - 500 0 0 (500) - 500 0 0 (500) - 500 0 0 (500) - 500 0 0 (500) - 500 0 0 (500) - 500 0 0 (500) - 500 0 0 (500) - 500 0 0 (500) - 500 0 0 (500) 0 0 0 - 500 0 0 0 0 0 0 (500) Equity