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Tesla completed these transactions during April of the current year: April 2 Rented office space and paid $1,200 cash for the month of September. April

image text in transcribed Tesla completed these transactions during April of the current year: April 2 Rented office space and paid \$1,200 cash for the month of September. April 3 Purchased office equipment for $30,000, paying $8,000 cash and agreeing to pay the balance in one year. April 4 Purchased office supplies for $750 cash. April 8 Completed work for a client and immediately collected $2,700 cash for the services. April 15 Completed $3,600 services for a client on credit. April 20 Received $3,600 from a client for the work completed on September 15 . April 30 Paid the office secretarys monthly salary, \$3,000 cash. Show the effects of the above transactions on the components of the accounting equation. Use the following format for your answers. The first item is shown as an example. Increase =I, Decrease =D, No effect =N

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