Required: Joel Henry founded Bookmartcom at the beginning of August, which sells new and used books online, He is passionate about books but does not have a lot of accounting experience. Help Joel by preparing the accounting equation effects for the following transactions. (Enter any decreases to account balances with a minus sign.) a. The company purchased equipment for $5,300 cash. The equipment is expected to be used for 10 or more years. b. Joel's business bought $8,300 worth of inventory from a publisher. The company will pay the publisher within 45 to 60 days. c. Joel's triend Sam lent $5,300 to the business. Sam had Joel write a note promising that Bookmart com would repoy the $5,300 in four months. Because they are good friends, Sam is not going to charge Joel interest. d. The company paid $2,150 cash for books purchased on account earlier in the month. e. Bookmart com repaid the $5,300 loan established in (c)