The Granite Earth Moving Company was organized on 1 September 2017 to operate as a large earth moving and dam building company. During September the following transactions occurred: Sep. 1 Rag Stone, the owner, invested $150,000 cash in the business Sep. 2 Sep. 4 Purchased truck ($20 000) and bulldozer ($28 000), paid $23 000, owed balance $25 000 Purchased a trucking yard, shed and office for cash $25000. The land was estimated to be worth $20 000 and the buildings $5000. Sep. 8 Repairs to truck cost $500, paid cash. Sep. 12 Sep. 15 Sep. 25 Dug dam on Smith's farm, received cash from Smith $750. Paid salary to truck driver $400. Sep. 29 Purchased sundry tools and equipment $850, paid cash. Filled truck with petrol and had it oiled and greased, total value $40, paid cash. Sep. 30 Required: Built another dam for Smith's farm, charged Smith $800. Record the effects of each transaction on the assets, liabilities and owner's equity.