Curtis Hamilton started a new business and completed these transactions during December. Dec. 1 Curtis Hamilton transferred $56,000 cash from a personal savings account to a checking ac- count in the name of Hamilton Electric. 2 The company rented office space and paid $800 cash for the December rent. 3 The company purchased $14,000 of electrical equipment by paying $3,200 cash and agreeing to pay the $10,800 balance in 30 days. 5 The company purchased office supplies by paying $900 cash. 6 The company completed electrical work and immediately collected $1,000 cash for these services. 8 The company purchased $3,800 of office equipment on credit 15 The company completed electrical work on credit in the amoxer 2,100 18 The company purchased $500 of office supplies on credit. 20 The company paid $3,800 cash for the office equipment purchased December 8. 24 The company billed a client $600 for electrical work completed; the balance is due in 30 days. 28 The company received $4,000 cash for the work completed on December 15. 29 The company paid the assistant's salary of $1,200 cash for this month. 30 The company paid $440 cash for this month's utility bill. 31 C. Hamilton withdrew $700 cash from the company for personal use. Required 1. Arrange the following asset, liability, and equity titles in a table like Exhibit 1.9: Cash; Accounts Re- ceivable; Office Supplies; Office Equipment; Electrical Equipment; Accounts Payable; C. Hamilton, Capital; C. Hamilton. Withdrawals; Revenues; and Expenses. 2. Use additions and subtractions to show the effects of each transaction on the accounts in the account- ing equation. Show new balances after each transaction. F F C