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Shiny Kar Company had the following transactions. For each transaction, show the effect on the accounting equation by putting the amount and direction ft.-, or

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Shiny Kar Company had the following transactions. For each transaction, show the effect on the accounting equation by putting the amount and direction ft.-, or NC for no change) in each box of the table below. Assets Liabilities Owner's Equity a) Shiny Kar withdrew $500 cash for food kb) Shiny Kar Company sold 2 cars for a total of $55,000 on account c) The cost of the cars sold in (b) above was $40,000 (a) Shiny Kar received a $35.000 payment for a car previously sold on account ke) Shiny Kar paid 5450 for advertising D Shiny Kar purchased $150 of cleaning supplies on account

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