Judith Moore started her own business. During the month of July, the following transactions occurred: (a) Invested $10,000 cash in the business. (b) Purchased office equipment on account, $5,500. (c) Received $900 cash from a client for services rendered. (d) Purchased computer equipment for cash, $6,000. (e) Received $1,500 cash from a client for services rendered. (f) Paid $800 office rent for the month. (g) Paid the phone bill for the month, $75. (h) Paid $100 on account, for office equipment previously purchased. (i) Withdrew $500 for personal use. Required: 1. Record the effect of each of the transactions listed above on the accounting equation provided in the chart on the following page. Following transaction (i), compute the new balances for the accounts to satisfy yourself that the equation has remained in balance.