Elena Bellisario began a new consulting firm on January 3. The accounting equation showed the follow- ing transactions. Analyze the equation and describe each of the transactions with their amounts. Trans- action (a) has been done as an example for you.

Description of transaction (a):
a. The owner invested $15,000 cash into the business.

Transcribed Image Text:

Equity Elena Bellisario, Capital Assets Liabilities Office Office Fur- niture Accounts Accounts + Receivable + Supplies + Payable Transaction Cash %3D Beginning Balances -0- -0- -0- -0- -0- -0- a. +15,000 +15,000 b. 500 +500 c. 8,000 +8,000 d. +1,000 + 1,000 e. +400 +400 f. -250 250 g. 750 750 Totals 7,000 8,000 16,000 250 900 150