lestion 4 The following selected transactions were completed by David Enterprises during March: 1. Capital invested in business $55,000. 2. Paid creditors on account $7,000. 3. Billed customers for services on account, $2,500. 4. Received cash from customers on accounts $8,400. 5. Withdrew cash for personal use $2,500. Indicate the effect of each transaction on the accounting equation: 1) By Account type - (A)assets, (L)liabilities, (SE)stockholders' equity, (R)revenue, a (E)expense 2) Name of Account for the entry 3) The amount by of the transaction. 4) Indicate the specific item within the account equation element that is affected. Note: Each transaction has two entries