Assets = Liabilities + Owner's Equity Cash + Accounts Receivable + Equipment = Accounts Payable + Alfredo Sanchez, Capital + Revenue Expenses Balance $ 82,000 + $ 8,000 + $ 60,000 = $ 40,000 + $ 110,000 + $ 0 $ 0 1. +12,000 +12,000 2. 7,800 +7,800 3. 4,200 4,200 4. 6,910 +6,910 5. +1,800 1,800 6. +13,380 +13,380 7. 4,320 +4,320 The above equation shows the effects of a number of transactions that took place at Sanchez Auto Repair Company during the month of July. Describe each transaction