Effects of transactions on the accounting equation L06, 7 WON Ali Omar opened a yard care business, Omar's Yard Care, on March 31, 2020. The following activities occurred during his first month of operations a. All Omar invested $4,300 cash and $15,000 of equipment to start his business, Omar's Yard Care b. Purchased various supplies on account: $1,600. c. Bought supplies on credit; $950. d. Omar signed a $4,000 contract to do yard work beginning in May. e. Did work for a client on account: $550 f. Performed services for a customer on credit: $600 g. Paid $200 for the supplies purchased in (c) h. Paid $250 for advertising online i. Collected the amount owed from the customer in (f) Check my work Assets E Llabilities Equity Cash Accounts Receivable Supplies Equipment Accounts Payable + + All Capital Explanation of Equity Transaction a b. C d e 1 g h Totals