Consider the following transactions for Thomas Company and their effect on the accounting equation. Click on each transaction for transaction details. Determine the new balance for each component of the accounting equation (assets, liabilities, owner's equity) resulting from the transaction. (You will not need to enter the amount of each transaction, only the balance after the transaction.) If an amount box does not require an entry, leave blank. Transaction Assets = Liabilities + Owner's Equity Beginning SO so $0 1. Investment in the business 171,600 X 171,600 X 2. Borrow cash 25,100 X 79,400 X 3. Purchase equipment 25,100 X 323,700 X 112,900 X 98,700 X 4. Revenues earned 176,000 X 17,600 X 315,760 X 104,960 X 79,400 X 79,400 X 79,400 X 5. Expenses incurred 6. Distributions 79,400 X 90,760 X Consider the following transactions for Thomas Company and their effect on the accounting equation. Click on each transaction for transaction details. Determine the new balance for each component of the accounting equation (assets, liabilities, owner's equity) resulting from the transaction. (You will not need to enter the amount of each transaction, only the balance after the transaction.) If an amount box does not require an entry, leave blank. Transaction Assets = Liabilities + Owner's Equity Beginning SO so $0 1. Investment in the business 171,600 X 171,600 X 2. Borrow cash 25,100 X 79,400 X 3. Purchase equipment 25,100 X 323,700 X 112,900 X 98,700 X 4. Revenues earned 176,000 X 17,600 X 315,760 X 104,960 X 79,400 X 79,400 X 79,400 X 5. Expenses incurred 6. Distributions 79,400 X 90,760 X