TRANSACTIONS 1. John Amos started the business with a cash investment of $56,000. 2. Purchased equipment for $20,000 on credit. 3. Performed services for $2,700 in cash. 4. Purchased additional equipment for $4,200 in cash. 5. Performed services for $4,850 on credit. 6. Paid salaries of $4,250 to employees. 7. Received $2,800 cash from charge account customers. 8. Paid $11,400 to a creditor on account. 1. John Amos started the business with a cash investment of $56,000 2. Purchased equipment for $20,000 on Credit 3. Performed services for $2.700 in cash 4. Purchased additional equipment for $4,200 in cash 5. Performed services for $4,850 on credit 6. Paid salaries of $4,250 to employees 7. Received $2,800 cash from charge account customers 8. Paid $11.400 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.) Owner's Equity Accounts Payable John Amos Reyes Expenses +1 . 20 000 2700 Top 1. . . . + 42001 - - 350 55.750 +S 48504 $ 24200