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Analyze the effects of the transactions

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Question - Analyze the effects of the transactions on the accounting equation for Long Landscaping

11/1 Received $18,000 from Katie Long, owner.

11/5 Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder.

11/6 Paid $2,300 for rent for April.

11/7 Purchased $1,500 of supplies on account, from WB Supplies Corp

11/9 Received $7,500 in cash for services performed.

11/14 Paid wages of $3,425.

11/25 Recorded owner's withdrawal of $1,875.

Date: Assets = Liabilites + Owners Equity

Reference no: EM132976740

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