Copyright by The McGraw-Hill Cora Directions: Tracy Migre, a certified public accountant, has completed the following transactions. Ms. Migre's assets, liabilities, and owner's equity account titles and balances are shown in the table on the following page. Use the table to show the effect of each transaction. Transactions: 1. Owner invested additional cash in the business, $5,000. 2. Paid the telephone bill, $600. 3. Wrote a check to a creditor as partial payment on account, $500. 4. Bought supplies on account, $150. 5. Received a check for accounting services, $300. 6. Owner invested office equipment in the business, $2,500. 7. Completed accounting services and agreed to accept payment later, $900. 8. Withdrew cash from the business for personal use, $2,000. 9. Received a check as partial payment on account, $450. Cash in Bank Accounts Office Beg. Bal. $5,000 Receivable Equipment Supplies $900 $14,000 $1,500 Accounts Payable T. Migre, Capital $3,000 $18,400 Score 1. 1. New Bal. 2. New Bal. 3. New Bal. 4. New Bal. 5. New Bal. 6. New Bal. 7. New Bal, 8. New Bal. 9. New Bal. 8. 2. 3