John Sullivan started a business

eBook Show Me How Calculator Print Item Effects Of Transactions (Balance Sheet Accounts) John Sullivan started a business. During the first month (February 20--), the following transactions occurred. Sh the effect of each transaction on the accounting equation: Assets Liabilities + Owner's Equity. After each transaction, show the new totals. Use the minus sign to indicate a decrease or reduction in the account. If an amount box doesn't require an entry, leave it "blank" or enter "O" Assets Liabilities Owner's Equity a. Invested cash in the business, $26,580. Bal. b. Bought office equipment on account, $7,000 Bal c. Bought office equipment for cash, $1,780. (Enter the change in Cash on the first line and the change in Equipment on the second line) Bal. d. Paid cash on account to supplier in transaction (b), $2,570. Bal