Craft Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $20.600 2. Provide services to customers and recelve cash of $4,900. 3. Pay the current month's rent of $1,600 4. Purchase office supplles on account for $700. 5 . Pay employee salartes of $2.200 for the current month. Required: Anolyze each transaction and show the effects of each on the accounting equation Note: Decreases to eccount clossifications should be indicated by o minus sign