john decides to open an Advertising Company which it names Cool Company, the following transactions for January 2019 in terms.

1) On Jan. 1 john invests $20,000 in cash to start a business.

2) On Jan. 5 purchased office Supplies for $2,000 paying $500 in cash and the remainder due in 30 days.

3) On Jan.7 Real estate commissions billed to clients amount to $4,000.

4) On Jan. 10 Cash receipts from customers for services amounted to $2,500.

5) On Jan. 15 Paid the remainder of the office supplies amount. [in transaction 2].

6) On Jan. 25 Paid $ 1,500 in cash for Rent expenses.

Instructions:

Analyze the following transactions for the month of January in terms of their effect on the basic accounting equation.

You need to open columns for cash, Machinery, supplies, Account receivable, Liabilities owners equity. The owners equity should have all the required columns as per your analysis