Jon Wallace started a business During the first month March Jon Wallace started a business. During..

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Jon Wallace started a business During the first month March
Jon Wallace started a business. During the first month (March 20–), the following transactions occurred. Show the effect of each transaction on the accounting equation: Assets = Liabilities + Owner’s Equity. After each transaction, show the new account totals.
(a) Invested cash in the business, $30,000.
(b) Bought office equipment on account, $4,500.
(c) Bought office equipment for cash, $1,600.
(d) Paid cash on account to supplier in transaction (b), $2,000.

Jon Wallace started a business During the first month March

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