Craft Company engages in the following exterhal transactions for November.

Purchase equipment in exchange for cash of $$21,700.$

Provide services to customers and receive cash of $$4,600.$

Pay the current month's rent of $$1,200.$

Purchase office supplies on account for $$1,100.$

Pay employee salaries of $$2,500$ for the current month.

Required:

Analyze each transaction and show the effects of each on the accounting equation.

Note: Decreases to account classifications should be indicated by a minus sign.