Analyze each of the following transactions by showing its effects on the accounting equation— specifically, identify the accounts and amounts (including + or −) for each transaction.

Jan. 1 Purchased equipment for $25,000 cash. Estimated useful life is six years and salvage value is $6,000.

Jan. 2 Paid $5,000 cash to install automated controls on equipment. This betterment did not impact useful life or salvage value.

Aug. 15 Paid $200 cash for minor repair costs to equipment.