nts eBook Hint Print References The Business Resource Center had the transactions listed below during the month of June. TRANSACTIONS 1. Justin Cole started the business with a cash investment of $40,000. 2. Purchased equipment for $12,000 on credit. 3. Performed services for $4,100 in cash. 4. Purchased additional equipment for $2,600 in cash. 5. Performed services for $4,050 on credit. 6. Paid salaries of $3,450 to employees. 7. Received $1,200 cash from charge account customers. 8. Paid $5,000 to a creditor on account. Show how each transaction would be recorded in the accounting equation. Note: Enter decreases to account balances with a minus sign. 40,000 + Cash 1. 2. 3 4. 5. 6. 7 Assets Liabilities Owner's Equity Accounts Accounts Receivable Equipment Payable Justin Cole, Capital Revenue Expenses $ 4,050 $ 12.000 $ 12,000 $ 40,000 $ 4,100 $ 3.450 (1,200)+ 2,600- (5,000) 4,050 =