Patricia Johnson started her own consulting firm, Crane Consulting, on May 1, 2020. The following transactions occurred during the month of May. May 1 2 3 5 9 12 15 Trixie invested $6,100 cash in the business. Paid $800 for office rent for the month. Purchased $600 of supplies on account. Paid $170 to advertise in the County News. Received $3,800 cash for services performed. Withdrew $1,000 cash for personal use. Performed $5,800 of services on account. Paid $2,800 for employee salaries. Made a partial payment of $400 for the supplies purchased on account on May 3. Received a cash payment of $3,600 for services performed on account on May 15. Borrowed $4,700 from the bank on a note payable. Purchased equipment for $4,100 on account. Paid $350 for utilities. 17 20 23 26 29 30 Show the effects of the previous transactions on the accounting equation. (If a transaction results in a decrease in Asse Liabilities or Owners Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset or Equity item that was reduced. See Illustration 1-8 for example.) Assets + Accounts Receivable + Date Cash Supplies 1 $ $ $ 2 3 5 9 12 15 17 20 23 26 29 30 $ $ $ = Liabilities + 11 Notes Payable + Accounts Payable + Equipment $ $ $ $ = $ Show the effects of the previous transactions on the accounting equation. (if a transaction results in a decrease in Assets, Liabilities or Owners Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.) Owner's Equity Owner's Capital Owner's Drawings + Revenues Expenses $ $ $ $ $ $