Lisa's Floral Arrangements, Inc. had the following transactions in the month of January: The owners invested $90,000 (the par value of the stock) for 20,000 shares of common stock; the company purchased furniture for the florist shop in the amount of $35,000, which was put on a credit account with the vendor; and the company paid employees wages of $14,000 in cash. What is the effect of each of these transactions on the accounting equation?

Cash + Furniture = Liabilities + Contributed Capital + Beg. Retained Earnings + Revenues & Gains - Expenses & Losses - Dividends Declared