Craft Company engages in the following external transactions for November. Purchase equipment in exchange for cash of $23,800. Provide services to customers and receive cash of $6,200. Pay the current month's rent of $1,600. Purchase office supplies on account for $1,400. Pay employee salaries of $2,000 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