Hannah's Hair Studio is an incorporatedbusiness run by HannahBarbera. During its first month of operations, the following transactions occurred:

1. Hannahstarts the business by investing equipment worth $5,000 plus $11,000 cash in exchangefor company shares.

2. Hannah's Hair Studio purchases $400 in supplies on account.

3. Hannah's Hair Studiocollects $1,300 in cash from customers: $900 for haircare services rendered and $400 for coupons that can be redeemed on future visits for haircare.

4. Hannah's Hair Studio paid the supplies purchased in #2.

5. Hannah's Hair Studio paid $150 cash for cleaning services for the month.

6. Hannah's Hair Studiopaid $300 cash for supplies.

7. Hannah's Hair Studio provided $500 in haircare services to the local police department, billed on account.

8. Customers of Hannah's Hair Studio used $150 worth of coupons (from #3) in exchange forhaircare services, .

9. Hannah's Hair Studiopaid $220 cash for gas and electricity bills.

10. Hannah's Hair Studio collected the $500 owing from the police department (from #7).

Required:

Using the table provided here, show how each transaction affects the accounting equation. You need not indicate the specific accounts affected. Only enter ONE AMOUNT that is the totalnetamount by which each component of the equation increases or decreases.DO NOT USE COMMAS,DOLLAR SIGNS, OR ANY OTHER SPECIAL CHARACTERSWHEN ENTERING MONETARY AMOUNTS AND ONLY ENTER AMOUNTS IN DOLLARS (e.g. enter 100not 100.00).

ENTER INCREASES AS POSITIVE NUMBERS AND ENTER DECREASES ASNEGATIVE NUMBERS (e.g. if an equation component decreases by $100, enter "-100" (without the quotation marks).When a component of the accounting equation is not affected at all, type in "N/A" (used this exact wording, without the quotations).If a component of the equation increases and decreases by the same amount, type in "Net Zero Change" (use this exact wording).

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