e Indicate the effects of the following business transactions on the accounting equation of a proprietorship. Transaction a. is answered as a guide a. Received $50,000 cash from the owner, Assets Owner's Equity s Liabilities izzes Accounts Office Office Cash + Receivable + Supplies + No effect Furniture+ No effect Land No effect Accounts Payable No effect Owner's Equity Increase Increase No effect b. Paid the current month's office rent of $4,000. (Make an entry in each input box. If the transaction does not have an effect on an account, select "No Assets Liabilities Owner's Equity eText Office Office Supplies Accounts Receivable + Accounts Payable Owner's Equity edia Library Land Cash - Fumiture r Resources hic Study Choose from any drop-down list and then click Check Answer. Check Answer Clear All 7 parts remaining CH O Type here to search DLL