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Please Prepare LEDGER ACCOUNT and TRIAL BALANCE Thanks 3- State the effect on the accounting equation of each transaction below for Mac's Garage and prepare

Please Prepare LEDGER ACCOUNT and TRIAL BALANCE Thanks image text in transcribed
3- State the effect on the accounting equation of each transaction below for Mac's Garage and prepare ledger accounts and a trial balance after attending to the events. a) George McGuire invests $20,000 cash into a business known as Mac's Garage. b) George purchases auto supplies on account for $500. c) George purchases auto repair equipment for $6,500 cash. d) George receives and pays the garage's utilities bill amounting to $425. e) Garage revenue for the current period amounts to $3,500, cash

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