Transactions
1.	Paid cash for rent, $400.00.
2.	Owner withdrew equity in the form of cash, $150.00.
3.	Received cash from sales, $900.00.
4.	Paid cash for camera repairs, $100.00.
5.	Sold services on account to Eden Wedding Planners, $400.00.
6.	Received cash from sales, $650.00.
7.	Paid cash for charitable contributions, $35.00.
8.	Received cash on account from Eden Wedding Planners, $300.00.

Shannon OBryan operates a service business called Edgecliff Photography. Edgecliff Photography uses the accounts shown in the following accounting equation. Transaction 1 is given as an example. For each transaction, complete the following: (a) Analyze the transaction to determine which accounts in the accounting equation are affected. (b) In the appropriate columns, enter a plus sign (+) if the account increases or a minus sign () if the account decreases, and then enter the amount. (c) For transactions that change owners equity, enter a description (revenue, expense, investment, or withdrawal) of the transaction to the right of the amount. (d) Calculate and enter a new balance for each account in the accounting equation. (e) Before going on to the next transaction, determine that the accounting equation is still in balance.

Tran. No.	Assets										=		Liabilities	+		Owners Equity
	Cash	+		Accounts Receivable-Eden Wedding Planners	+		Supplies	+		Prepaid Insurance	=		Accounts Payable-Shutter Supplies	+		Shannon OBryan, Capital
Beg. Bal.	725			0			200			300			200			1,025
1	-400															-400	(expense)
New Bal.	325			0			200			300			200			625
2
New Bal.
3
New Bal.
4
New Bal.
5
New Bal.
6
New Bal.
7
New Bal.
8
New Bal.