T-accounts and the accounting equation Required Record each of the following Jackson Co. events in T-accounts and

Question:

T-accounts and the accounting equation

Required
Record each of the following Jackson Co. events in T-accounts and then explain how the event affects the accounting equation:
a. Received $40,000 cash by issuing common stock.
b. Purchased supplies for $1,800 cash.
c. Performed services on account for $14,000.
d. Paid cash for $8,000 of salaries expense.