Prepare a table to summarize the following transactions as they affect the accounting equation. 1. Services provided on account of $1,530 2. Purchases of supplies on account for $1,365 3. Services provided for cash of $750 4. Purchase of equipment for cash of $4,240 5. Issuance of a promissory note for $2,500 6. Collections on account for $890 7. Sale of capital stock in exchange for a parcel of land; the land is appraised at $50,000 8. Payment of $4,000 in salaries and wages 9. Payment of open account in the amount of $500 If an account is unaffected by a transaction, enter "O". Use the minus sign to indicate decreases or negative balances. Assets # Cash Accounts Receivable Equipment Land Supplies Accounts Paya 1 $ $ 2 Bal. $ $ $ $ 3 Bal. $ $ $ 4 Bal. $ $ $ $ 5 Bal. $ $ $ 6 Total Liabilities and IIIIII A U " um G " Ilmu o