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Autun le question 25 Problem 2.1A (Algo) Analyzing the effects of transactions on the accounting equation. LO 2-1, 2-2, 2-3 Only 1 Allred Herron established Herron Commercial Appraisal Services, a temat provides expert comercial appraisals and represents clients in commercial appraisal hearinga. TRANSACTIONS 1. The owner invested 591000 in cash to begin the business. 2. Paid $18.550 in cash for the purchase of equipment, 3. Purchased additional equipment for $14,800 on credit 4. Paid $10,600 in cash to creditors. 5. The owner made an additional investment of $24,000 in cash 6. Performed services for $7000 in cash 7. Performed services for $6,700 on account 8. Paid $2.800 for rent expense 9. Received $2,300 in cash from credit chants 10. Paid $5,260 in cash for office supplies 11. The owner withdrew 57.800 in cash for personal expenses Record in equation for the changes that occur in assets. lbilities and owner's equity for the above transactions Answer is not complete. Complete this question by entering your answers in the tabs below. Accounting Equation Analyze . . Record in equation form the changes that occur in assets, liabilities, and owner's equity for the above transactions (Enter decreases to account balances with a minus sign) Assets Liabilities Owner's + Equity Transactions Cash Accounts Supplies Accounts Receivable Equipment Owner's Payable Capital + $ 91,000 $ 99,000 2 (18,550) + 18.550 3 14.800 14,500 4 (10,000) (10.600) 5. 24,000 - 24.000 6 7.000 7.000 7. 6,700 - 6.700 8 (2.000) 2.800) 9. 2.300 (2.300) 10 (5.260) 5.260. 11 (7 800) 5 4,400 Totals S - 4.200 33.350 + 5.250 $ 79,290 5 125.900

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