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TRANSACTIONS 1. Justin Cole started the business with a cash investment of $57,000. 2. Purchased...

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Accounting

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TRANSACTIONS 1. Justin Cole started the business with a cash investment of $57,000. 2. Purchased equipment for $20,500 on credit. 3. Performed services for $2,800 in cash. 4. Purchased additional equipment for $4,300 in cash. 5. Performed services for $4,900 on credit. 6. Paid salaries of $4,300 to employees. 7. Received $2,900 cash from charge account customers. 8. Paid $11,800 to a creditor on account. Show how each transaction would be recorded in the accounting equation. Note: Enter decreases to account balances with a minus sign

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