VINEGAR CLEANING CO.

Summary financial data of the Vinegar Cleaning Co. for December are presented below in transaction form.

1. Began operations by depositing $52.000 in a business bank account.
2. Purchased cleaning equipment for $5,000, paying $4.000 in cash with the balance on account.
3. Purchased supplies for cash, $500.
4. Cash income received for cleaning services, $1.500.
5. Paid salaries for the month, $10,200.
6. Paid general expenses, $600.
7. Paid $1.000 on account.
8. The inventory of supplies on hand at the end of the month was $50.

The accounts used are; cash, supplies, equipment, accounts payable, capital and retained earnings. Analyse the transactions and show the equality.