EXERCISE 118 Effects of transactions on the accounting equation LO6, 7 "CHECK FIGURE: Total assets = $15,600 DigiCom repairs electronic devices. Using the format provided below, show the effects of the activities listed in (a) through (i)." a. Stacey Crowe, owner of DigiCom, invested cash of $14,000 into her business. b. DigiCom paid $2,500 to cover rent for the current month. c. DigiCom purchased supplies on credit; $800 d. DigiCom completed work for a client on credit; $3,400. e. DigiCom purchased a new piece of equipment by paying cash of $1,950. f. DigiCom hired a technician, to start next month, who will get paid $5,000 per month. g. DigiCom paid for the supplies purchased in (c). h. DigiCom performed work for a client and received cash of $3,400. i. DigiCom paid the administrative assistants salary of $2,700.