The accounting equation has been expanded and should appear as follows:

Assets = Liabilities + Capital Drawing + Revenue Expenses

Accounts are classified and listed under each heading. Transactions are recorded by listing amounts as additions to or deductions from the various accounts. The equation must remain in balance.

Record the following transactions in the grid provided below.

1.	Transaction (a). Company sold services on account for $8,250.
2.	Transaction (b). Company bought equipment for $15,000 on account.
3.	Transaction (c). Customer paid $7,000 on account.
4.	Transaction (d). Company owner invested office equipment in the business, fair market value, $6,750 (Equipment).

Use the minus sign to indicate a decrease or reduction in the account. If an amount box does not require an entry, leave it blank.

	Assets					=	Liabilities	+	Owner's Equity
	Cash	+	Accounts Receivable	+	Office Equipment	=	Accounts Payable	+	K. Nelson, Capital		K. Nelson, Drawing	+	Revenue		Expenses
(a)		+		+		=		+				+
(b)		+		+		=		+				+
Bal.		+		+		=		+				+
(c)		+		+		=		+				+
Bal.		+		+		=		+				+
(d)		+		+		=		+				+
Bal.		+		+		=		+				+