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The accounting equation (15 min) Check Figure Total Assets $25,000 GROUP A PROBLEMS (Excel templates for all questions are available in My Accounting Lab. Working papers for select questions are available in the print Wor boole.) PI-I Min Anabelle, who lives in Winnipeg, decided to open Mia's Nail Spa. Mia com- pleted the following transactions: A. Invested $20,000 cash from her personal bank account into the business. B. Bought equipment for cash, $4,000. C. Bought additional equipment on account, $6,000. D. Paid $1,000 cash to reduce what was owed from Transaction C. Based on the above information, record these transactions in the basic account- ing equation. P1-24 Bill See is the accountant for See's Internet Service. His task is to construct a bal- ance sheet from the following information, as of September 30, 2020, in proper form. Could you help him? Building $20,000 Cash 18,000 Accounts Payable 15,000 Equipment 14,000 B. See, Capital 37,000 Preparing a balance sheet O(10 min) Code Figure Total Assets $52,000 Recording transactions in the expanded accounting equation (20 min) At the end of June, Rick Fontan of Corner Brook decided to open his own computer service, Fontan Computer Service. Analyze the following transactions he completed by recording their effects in the expanded accounting equation a. Invested $25,000 in his computer service. b. Bought new computer equipment on account, $2,500. c. Received cash for computer services rendered, $800. d. Performed computer services on account, $2,100. e. Paid part-time secretary's salary, $275. Check Figure Total Assets $29.255