Nassau construction company had the following transactions during the year: 1) Paid LE2400 cash in advance for a one-year insurance policy. 2) Purchased tools for LE1000 on account. 3) Paid LE5000 cash for office equipment. 4) The company borrowed LE11000 from a bank issuing a note. 5) Received an LE3000 cash advance for services to be performed in the future. 6) Invested an additional amount of LE16000. 1 - Record the impact of each transaction on the accounting equation through using debit and credit method. 2 - Verify the accounting equation