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show how each transaction would be recorded in the accounting equation The Copy Center had the transactions listed below during the month of June. 7.

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The Copy Center had the transactions listed below during the month of June. 7. TRANSACTIONS 1. John Amos started the business with a cash investment of $59,000 2. Purchased equipment for $21,500 on credit. 3. Performed services for $3,000 in cash. 4. Purchased additional equipment for $4,500 in cash. 5. Performed services for $5,000 on credit 6. Paid salaries of $4,400 to employees 7. Received $3,100 cash from charge account customers. 8. Paid $12,600 to a creditor on account. Show how each transaction would be recorded in the accounting equation (Enter decreases to account balances with a minus sign.) Assets Accounts Receivable Cash Liabilities Accounts Payable Owner's Equity Revenue Equipment John Amos, Capital Expenses 1 2. 3 4. 5. 7 B 0.5 Totals $ $ 0 - $ 0 0. $ OS

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