Creates a table in MS Excel with each of the following accounts and indicates its effect on the accounting equation.

OnFebruary 2020, Miguel Toro established a house rental business with the name Miguel's Rentals. During the month of March, the following transactions were recorded:

To open the business, he deposited $60,000 of his personal funds as an investment.

He bought equipment for $6,000 on credit.

He bought office supplies for $1,500 in cash.

He received income from renting a property for $3,500 in cash.

He paid for utilities expenses for $800.00.

He paid $1,200 of the equipment purchased on credit for the second transaction.

He received income from managing a building's rent for $4,000 in cash.

He provided a $3,000 rental counseling service to a client on credit.

He paid wages for $1,500 to his secretary.

He made a $500.00 withdrawal for his personal use.