Problem 2.1A (Algo) Analyzing the effects of transactions on the accounting equation. LO 2-1, 2-2, 2-3 On July 1. Alfred Herron established Herron Commercial Appraisal Services, a firm that provides expert commercial appraisals and represents clients in commercial appraisal hearings. TRANSACTIONS 1. The owner invested $91,000 in cash to begin the business. 2. Paid $18,550 in cash for the purchase of equipment 3. Purchased additional equipment for $14,800 on credit. 4. Pald $10,600 in cash to creditors. 5. The owner made an additional investment of $24,000 in cash. 6. Performed services for $7,000 in cash. 7. Performed services for $6,700 on account 8. Pald $2,800 for rent expense. 9. Received $2,300 in cash from credit clients. 10. Pald $5,260 in cash for office supplies. 11. The ower withdrew $7,800 in cash for personal expenses. Record in equation form the changes that occur in assets, liabilities, and owner's equity for the above transactions. Analyze: What is the ending balance of cash after all transactions have been recorded? Complete this question by entering your answers in the tabs below. Accounting Equation Analyze Record in equation form the changes that occur in assets, liabilities, and owner's equity for the above transactions. (Enter decreases to account balances with a minus sign.) Owner's Assets Liabilities Equity Accounts Transactions Accounts Cash Supplies Recevable Equipment Owner's Payable Capital 1. 2 3 4 5. 6. 7 8 10 11 Totals $ 0 $ 0 - $ 0$ ol $ O. $ 0 Arcoing to Analyze > Complete this question by entering your answers in the tabs below. Accounting Equation Analyze What is the ending balance of cash after all transactions have been recorded? Ending balance