Dr. Walter Wong completed the following business transactions during the month of November:
a. Incorporated a veterinary practice by investing (a) $30,000 in cash and (b) equipment worth $20,000.
b. Rented a furnished office and clinic, and paid $ 1,500 in rent for the month of November. c. Purchased medical supplies on account, $850.
d. Performed veterinary services and immediately collected $2,400 for the work.
e. Paid for the medical supplies that were purchased in transaction c.
f. Provided $700 of additional veterinary services, on account.
g. Used $350 of the medical supplies that were purchased in transaction c.
h. Received $500 in partial payment for the services that were provided in transaction f.
i. Paid the November telephone bill for the office, $75.
j. Received a bill of $250 for advertising, but decided not to pay it until next month.
k. Paid rent on the office for the months of December and January, totalling $3,200.
l. Dr. Wong paid $1,000 from the clinic's bank account for repairs to his vacation villa in Cuba.

Required:
Analyze these transactions and show their effects on the basic accounting equation for November, by preparing a table like the one in Exhibit 2-8.