Morgan Amberson decided to open Morgan s Nail Spa. Morgan completed the following transactions: a…

Morgan Amberson decided to open Morgan s Nail Spa. Morgan completed the following transactions: a. Invested $16,000 cash from her personal bank account into the business. b. Bought store equipment for cash, $3,700. c. Bought additional store equipment on account, $6,050. d. Paid $600 cash to partially reduce what was owed from transaction C. Based on this information, record these transactions into the basic accounting equation.