Cash Record the following transactions into the basic accounting equation Salon Equipment Accounts Payable Bay Cap 1 Benson Reynold invests $27,000 to open a hair salon company 2. The hair salon company buys new salon equipment for $15,000, paying $3,000 down and changing the balance Calculate the ending balances Transaction lines are identified by the comesponding transaction number (1, and 2) Enter each transaction in the appropriate columns of the expanded spoounting eation, then calc used in the transaction or balance Ballina save the box empty, do not enter a zero Enter a decrease in an account category with a ma sign or pass Assets Cash Salon Equipment Accounts Payable 24000 15000 12000 Owner's Equity B. Reynold, Capital 27000