Describe the transactions that are recorded in the followingequation. Assets -Liabilities + Owner's Equity Accounts Accounts Onyx,

Describe the transactions that are recorded in the followingequation.

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Assets -Liabilities + Owner's Equity Accounts Accounts Onyx, .Onyx, Cash ReceivableEquipmentPayable Capital Drawing + RevenueExpenses +4,500 (a) +25,000 (b)-1,250 +29,500 +1,250 Rent Ex Bal 23,750 + 4,500 29,500 1,250 +2,000 (Income from Services) +2,000 Bal. 23,7502,000 4.500 (d)-3,700 Bal 20,050+2,000 20,500 12,300+29,500 (e)-2,500 Bal, 17,550 + 2,000 + 20,500 = 12,300 + 29,500-2,500 + 2,000-1,250 29,500 +2,0001,250 +16,000 +12,300 + 2,000 1,250 +2,500 40,050 40,050