TRANSACTIONS 1. John Amos started the business with a cash investment of $58,000, 2. Purchased equipment for $21,000 on credit 3. Performed services for $2,900 in cash 4. Purchased additional equipment for $4,400 in cash 5. Performed services for $4,950 on credit 6. Paid salaries of $4,350 to employees 7. Received $3.000 cash from charge account customers. 8. Paid $12.200 to a creditor on account Show how each transaction would be recorded in the accounting equation (Enter decreases to account balances with a minum Owner's Equity Assets Accounts Receivable Liabilities Accounts Payable John Amos, Capital Revenue Expenses Equipment Cash 1 2 3 4 5 6. 7. B. Totals