Owner's Equity Assets Accounts Receivable + Equipment = $4,000 + $30,000 = 3,900 Liabilities + Accounts Payable + $20,000 + Marie Cantu, Capital $55,800 Revenue $ 6,000 Expenses $ 0 Cash + Bal. $41,000 + 1. 6,000 2. -3,900 3. -2,100 4. -3,455 5. 900 6. 7. -2,160 -2,100 3,455 -900 6,690 6,690 2,160 The above equation shows the effects of a number of transactions that took place at Cantu Auto Repair Company during the month of July. Describe each transaction. 1. 2. 3. 4. 5. 6. 7