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TNT has the following transactions during April of the current year. Apr. 1 Opens a law office, investing $25,000 in cash. 4 Pays rent in

TNT has the following transactions during April of the current year. Apr. 1 Opens a law office, investing $25,000 in cash. 4 Pays rent in advance for 6 months, $9,000 cash. 16 Receives $8,000 from clients for services provided. 27 Pays secretary $2,800 salary. Indicate the effect on the accounting equation and the debit-credit analysis. Apr. 1 The asset Cash the stockholders' equity account Effect on Accounting Equation is Increased is Increased 4 Debi Debi Cred

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