SECTION 2 - John Woostoff's proprietorship on May I is shown by the first equation given below. Each line designated by a letter indicates the effect on the equation of a particular transaction. Describe each of the transactions. Equipment 15,000 Liabilities 5,000 Equity 73,000 + Feed 60,000 500 6,500 + Cash 3,000 -500 2,500 300 2.800 + 5,000 73.000 B + + 15,000 -300 14,700 73.000 + + + 60,500 7.000 675,000 -2,000 65,500 5.000 7.000 12,000 14,700 D + 73,000 500 73,500 + + + + + 14,700 E + + 2,800 2,500 5,300 -100 5.200 -2,000 3.200 = 14,700 65,500 12,000 -100 11.900 -2,000 9.900 F 73.400 + + 65,500 14,700 + 73.400 A B D E F