Elaine's Inflatables carns service revenue by providing party planning services and inflatable playscapes. Elaine's Inflatables is organized as a sole proprietorship and owned by Elaine Gibson. During the past month, Elaino's Inflatables has the following transactions (Click the icon to view the transactions) t: 0 ns Indicate the effects of the business transactions on the accounting equation for Elaine's Inflatables. Transaction (a) is answered as a guide. Use the following accounts: Cash; Accounts Receivable; Supplies: Equipment; Accounts Payable, Gibson, Capital: Gibson, Withdrawals: Service Revenue, Wages Expense, Rent Expense, and Utilities Expense D a. Gibson contributed $10,000 to the business in exchange for capital (Transaction (a) is answered as a guide.) a. Increase asset (Cash) : Increase equity (Gibson, Capital b. Purchased equipment for $5,000 on account. b. ary More Info 0 Modul Tools urces a. Gibson contributed $10,000 to the business in exchange for capital b. Purchased equipment for $5,000 on account. c. Paid $400 for office supplies d. Earned and received $2,500 cash for service revenue e. Paid $400 for wages to employees 1. Gibson withdrew $1,000 cash 9. Eamed $1.000 for services provided. Customer has not yet paid. h. Paid $1,000 for rent 1. Received a bil for $250 for the monthly utilities. The bill has not yet been paid. Choose from any drop-down list and then click Check Ans 7 parts remaining