Mr. John started a T-shirts business to be known as "John T-shirts". He performed following transactions during the first month of operations: 2. 1. Mr. John invested a capital of $15,000 into his business. He purchased a building for $5,000 cash for business use. 3. He purchased furniture for $1,500 cash for business use. He purchased T-shirts from a manufacturer for $3,000 cash. 4. He purchased T-shirts for $2,000 on credit. 5. 6. He paid $1,000 cash to his payables. 7. He collected $800 cash from his receivables. 8. The shirts costing $100 were stolen by someone. 9. Mr. John paid $150 cash for telephone bill. 10. He borrowed money amounting to $5,000 from City Bank for business purpose. Required: Explain how each of the above transactions impacts the accounting equation of John T-shirts