Transactions Layout (1) Maria Martinez invests $25,000 in cash to start a cleaning and laundry business on June 1. (2) Purchased equipment for $5,000 paying $3,500 in cash and the remainder due in 30 days. (3) Purchased supplies for $1,200 cash. Received a bill from College Clarion for $200 for advertising in the campus newspaper. (5) Cash revenues from customers for cleaning and laundry amounted to $2,600. Assets Labilities *Owner's +Revenge -Expenses Equity Transaction Cash Accounts Supplies Equipment Accounts Owner's Revenue Receivable Expenses Payable Capital (1) 25,000 25,000 Balance 25,000 25,000 -3,500 (2) Balance 5.000 1,500 21,500 5,000 1,500 25,000 (3) -1,200 1,200 Balance 20,300 1,200 5,000 1,500 25,000 (4) Balance 200 -200 20,300 1,200 5,000 1.700 24,800 2.600 (5) Balance 22.900 1,200 5000 1,700 27,400 16. What is Maria's ending Owner's Equity on 30 June (including Net Income)