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Melody Stafford operates an interior design studio called Stafford Design Studio. The following amounts summarize the financial position of the business on April 30,

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Melody Stafford operates an interior design studio called Stafford Design Studio. The following amounts summarize the financial position of the business on April 30, 2020 (Click the icon to view the financial position.) During May 2020, the company did the following: (Click the icon to view the transactions.) Required Requirement 1. Analyze the effects of the above transactions on the accounting equation of Stafford Design Studio Complete an analysis of the transactions for each letter shown, and then total the balance of each account at the bottom. (If a box is not used in the transaction, leave the box empty; do not select a label or enter a zero. Enter decreases with a minus sign or parentheses.) Assets Liablites Owner's Equity Bal Cash 43,000. Accounts Receivable Accounts M. Stafford Type of Owner's Supplies + Land Payable Capital Equity transaction 36,000+ 0+ 114,000- 51,000+ 142.000 a

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