On June 1, Maya Cruz opened the Ganda Beauty Salon. During the first month, the following selected transactions occurred: a. Deposited 5,000 cash in the City Bank in the name of the business b. Paid 8,000 cash for Beauty supplies c. Purchased equipment at a cost of 12,000 paying 2,000 in cash and the balance on account d. Received 1,200 cash for the services rendered e. Paid 500 cash as a salary to a beautician f. Withdrew 400 cash for personal expenses. Required Task Using the following format, identify the effects of above transactions to the accounting equation: ASSETS= LIABILITIES + OWNER'S EQUITY Example ASSETS= LIABILITIES + OWNER'S EQUITY +200=+200