Effects of transactions on the accounting equation LO6, 7 Ali Omar opened a yard care business, Omar's Yard Care, on March 31, 2020. The following activities occurred during his first month of operations: a. All Omar invested $4,300 cash and $15,000 of equipment to start his business, Omar's Yard Care. b. Purchased various supplies on account; $1,600. c. Bought supplies on credit; $950. d. Omar signed a $4,000 contract to do yard work beginning in May. e. Did work for a client on account; $550. f. Performed services for a customer on credit; $600. g. Paid $200 for the supplies purchased in (c). h. Paid $250 for advertising online. i. Collected the amount owed from the customer in (f). a. b. C d e. f g ha i. Totals Accounts Cash Receivable Assets Liabilities Equity Supplies Equipment Accounts Payable + Ali, Capital Check my work Explanation of Equity Transaction