Selina Kyle opens a personal training firm on November 1. Analyze each of the following transactions in a table using the accounting equation. (If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) 1. 2. 3. 4. 5. The owner invested $40,000 cash in the business. The company purchased $3,000 of training equipment on credit. The company received $5,000 cash in exchange for a note payable from the bank. The company paid $800 for three months' worth of training supplies. The owner withdrew $2,200 cash for personal use.