P1.6B (LO 4, 5, 6) AP Kensington Bike Repair Shop was started on April 1 by L. Depres. A summary of the April transactions follows: April 1 Invested $21,000 to start the repair shop. 2 Purchased equipment for $9,000, paying $3,000 cash and signing a note payable for the balance. 5 Paid rent for the month, $1,050. Purchased $975 of supplies on account. 9 Received $3,200 in cash from customers for repair services. 16 Provided repair services on account to customers, $2,900. 26 Collected $1,200 on account for services billed on April 16. 27 Paid for supplies purchased on April 7. Paid $290 for advertising. Withdrew $1,300 for personal use. 30 Received April utility bill, $200. 30 Paid part-time employee salaries, $1,400. 30 Billed a customer $750 for repair services. 30 Received an advance from a customer for repairs to be performed in May, $2,100. Instructions a. Prepare a tabular analysis of the effects of the above transactions on the accounting equation