1. For each transaction below, indicate the effect on the accounting equation by placing a +, -, or NC (no change) and the amount under each category. Be sure to fill in each box for each transaction. Example: 6/1 - Owner invested $20,000 to start the business. 6/2 - Purchased $500 of supplies for cash. 6/5 - Purchased $4,000 of equipment from ABC Enterprises on account. 6/8 - Billed $600 to customer B. Warren for fees earned. 6/10 - Paid $2,000 for June rent. 6/20 - Paid half the balance due to ABC Enterprises on account for 6/5 transaction. 6/25 - Received the balance due from B. Warren from 6/8 transaction. Owner's Equity 6/1 +20,000 +20,000 Date Assets Liabilities NC Credit 2. Refer to Problem #1 - Journalize the transactions for June. Date Account 6/1 Cash Owner's capital Debit 20,000 20,000