Current Attempt in Progress Sunland Enterprises had the following selected transactions. 1. Bo Sunland invested $3,800 cash in the business. 2. Purchased a 2-year insurance policy for $2,280. 3. Paid office rent of $798. 4. Performed consulting services and billed a client $4,940. 5. Bo Sunland withdrew $713 cash for personal use. Prepare the debit-credit analysis for each transaction. Effect on Accounting Equation Effect on A Debits Credits Debits Credits Debits Credits Debits Credits Debits Credits Debit *: Credit *: Debit Credit Debit * : Credit 5 5 $ $ $ $ 5 5 5 Current Attempt in Progress Sunland Enterprises had the following selected transactions. 1. Bo Sunland invested $3,800 cash in the business. 2. Purchased a 2-year insurance policy for $2,280. 3. Paid office rent of $798. 4. Performed consulting services and billed a client $4,940. 5. Bo Sunland withdrew $713 cash for personal use. Prepare the debit-credit analysis for each transaction. Effect on Accounting Equation Effect on A Debits Credits Debits Credits Debits Credits Debits Credits Debits Credits Debit *: Credit *: Debit Credit Debit * : Credit 5 5 $ $ $ $ 5 5 5