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How each transaction would be recordin accounting equation

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Point 1: John Amos started the business with a cash investment of $40,000.

Point 2: Purchased equipment for $12,000 on credit.

Point 3: Performed services for $4,100 in cash.

Point 4: Purchased additional equipment for $2,600 in cash.

Point 5: Performed services for $4,050 on credit.

Point 6: Paid salaries of $3,450 to employees.

Point 7: Received $1,200 cash from charge account customers.

Point 8: Paid $5,000 to a creditor on account.

Question 1: Show how each transaction would be recorded in the accounting equation. (Enter decreases to account balances with a minus sign.)

Reference no: EM132468039

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