Answer the Application Problems below. (15 points each) Intermining how transactions change the accounting equation rastructions: For each transaction, complete the following a. Analyze the transaction to determine which accounts in the accounting equation are affected b. Write the amount in the appropriate columns, using a plus (+) if the account increases or a minus() if the account decreases. c. Calculate the new balance for each account in the accounting equation. Transactions: d. Make sure that the accounting equation is still in balance before moving on. 1. Received cash from owner as an investment, $60,000. 2. Paid cash for rent, $3,000. 3. Bought hiking equipment on account from Mountain Company, $3,000. 4. Paid cash for rafting equipment, $24,000 5. Bought Office equipment on account from Delta Furnishing, S4,000. 6. The owner contributed a desk to the business valued at $450. 7. Paid cash to owner for personal use, $3,000. 8. Paid cash on account to Mountain Company, $1,500. 9. Sold guided services on account to Rita Salvador, $2,500. 10. Sold touring services on account to The Big Group, $1,200. Assets -Liabilities + Owner's Equity Trans Cash Accts. Acets. Hiking Rafting Office Accts. Accts. Juanita in Rec. Rec. Equip. Equip. Equip. Pay Pay Ortega, Bank Rita Group Mount. Furn. Capital