Susan Wilson started her own consulting firm, Sunland Consulting, on May 1, 2020. The following transactions occurred during the month of May. May 1 Trixie invested $7,300 cash in the business, 2 Paid $900 for office rent for the month. 3 Purchased $500 of supplies on account. 5 Paid $100 to advertise in the County News, 9 Received $4.400 cash for services performed 12 Withdrew $1,100 cash for personal use. 15 Performed $5,900 of services on account 17 Paid $2,800 for employee salaries. 20 Made a partial payment of $300 for the supplies purchased on account on May 3. 23 Received a cash payment of $4,100 for services performed on account on May 15. 26 Borrowed $4,600 from the bank on a note payable. 29 Purchased equipment for $4,300 on account 30 Pald $350 for utilities Show the effects of the previous transactions on the accounting equation. If transaction results in a decrease in Assets Les of Owners Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Lobilty or Equity item Show the effects of the previous transactions on the accounting equation. (If a transaction results in a decrease in Assets, Liabilities or Owners Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Mlustration 1-8 for example.) Assets Accounts Recelvable Date Cash Supplies Equip 1 $ 2 3 5 9 12 15 12 2 MATRIX CONSULTING Liabilities Notes Payable Equipment Accounts Payable S MacBook Air SO FE 888 7 2 3 $ 4 % 5 & 7 6 Q W E 20 T Y U S D F G H Z C V B alt H Owner's Equity Owner's Capital Owner's Drawings + Revenues $ $ $ aner's Equity Revenues Expenses 42 80 3 888 14 A 2 # 3 4 % 5 6 7. tab Q W E R T