On June 1 of the current year, Chad Wilson established a business to manage rental property. He completed the following transactions during June: a. Opened a business bank account with a deposit of $42,000 from personal funds. b. Purchased office supplies on account, $3,450. c. Received cash from fees earned for managing rental property, $9,470. d. Paid rent on office and equipment for the month, $4,240. e. Paid creditors on account, $1,570. Indicate for each transaction how it would affect the accounting equation (assets= liabilities+owner's equity)