The fundamental accounting equations for several businesses follow. Supply the missing amounts. 1. $ 2. $ 3. $ Assets Liabilities + Owner's Equity 26,300 = $ 4,810 + 22,700 = $ 4,430 + 97,650 10,025 $ 3,650 + $ 31,950 109,500 = $ 24,750 4. 5. + TRANSACTIONS 1. Paid $4,200 for utilities. 2. Performed services for $21,000 on account. 3. Received $13,000 from charge account customers. 4. Paid salaries of $9,000 to employees. 5. Paid $16,000 to a creditor on account. 6. Owner invested $180,000 in the business. 7. Purchased $53,400 of supplies on account. 8. Purchased equipment for $42,000 cash. 9. Paid $12,000 for rent in advance). 0. Performed services for $15,600 cash. Indicate the impact of each of the transactions on the fundamental accounting equation (Assets = Liabilities + Owner's Equity) by placing a ""to indicate an increase and a "D" to indicate a decrease. The first transaction is entered as an example. (If transaction causes one account to increase and another to decrease within the same classification of the accounting equation, select 1/D.) Liabilities Transaction 1. Assets D Owner's Equity D + 2. 3. 4. 5. 6. 7. 8. = 9. + 10. The following financial data are for the dental practice of Dr. Jose Ortiz when he began operations in July. 1. Owes $17.600 to the Sanderson Equipment Company. 2. Has cash balance of $12,100. 3. Has dental supplies of $2,950. 4. Owes $3,480 to Galaxy Furniture Supply. 5. Has dental equipment of $25,150. 6. Has office furniture of $6,600. Determine the amounts that would appear in Dr. Ortiz's balance sheet. Assets Liabilities Owner's Equity Total + The Business Center had the transactions listed below during the month of June. TRANSACTIONS 1. Jesse Campbell started the business with a cash investment of $49,000. 2. Purchased equipment for $16,500 on credit. 3. Performed services for $3,200 in cash. 4. Purchased additional equipment for $3,500 in cash. 5. Performed services for $4,500 on credit. 6. Paid salaries of $3,900 to employees. 7. Received $2,100 cash from charge account customers. 8. Paid $8,600 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 Liabilities Owner's Equity Cash Accounts Receivable Equipment Accounts Payable Jesse Campbell, Capital Revenue Expenses 1. 2. + + + 3. 4. + + + + + 5. 6. 7. 8. + + + + Totals +