Effect of Transactions on Accounting Equation Jay Pembroke started a business. During the first month (April 20--), the following transactions occurred. a. Invested cash in business, $20,000. b. Bought office supplies for $4,400:$1,800 in cash and $2,600 on account. c. Paid one-year insurance premium, $1,300. d. Earned revenues totaling $3,500:$1,300 in cash and $2,200 on account. e. Paid cash on account to the company that supplied the office supplies in transaction (b), $2,350. f. Paid office rent for the month, $700. g. Withdrew cash for personal use, $100. Demonstrate that th accounting equation has remained in balance