Henry Ripple started a business. During the first month (June 20--), the following transactions occurred.

Show the effect of each transaction on the accounting equation:

Assets = Liabilities + Owner's Equity

After each transaction, show the new totals.

a The business was opened by the owner investing $25,000 cash in the business.

b Performed serivces on account customers, $6,000.

c Purchased supplies on account, $750.

d Received the electric bill to be paid next month, $300.

e Received $3,000 from customers billed in b.

f Paid advertising bill, $450.

g The owner withdrew $2,000 cash at the end of the period for personal use.