Transactions made by Benj & Co., an accounting firm, for the month of May are shown below.\ The owner invested

$20,000

cash in the business.\ The company purchased

$8,000

of office equipment on credit.\ The company received

$9,000

cash in exchange for services performed.\ The company paid

$1,350

for this month's rent.\ The owner withdrew

$2,000

cash for personal use.\ Prepare a tabular analysis, which shows the effects of these transactions on the expanded accounting equation, with owner's equity columns for Capital, Drawings, Revenues, and Expenses. (If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

Transactions made by Benj \& Co., an accounting firm, for the month of May are shown below. 1. The owner invested $20,000 cash in the business. 2. The company purchased $8,000 of office equipment on credit. 3. The company received $9,000 cash in exchange for services performed. 4. The company paid $1,350 for this month's rent. 5. The owner withdrew $2,000 cash for personal use. Prepare a tabular analysis, which shows the effects of these transactions on the expanded accounting equation, with owner's equity columns for Capital, Drawings, Revenues, and Expenses. (If a transaction results in a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)