Question: DO IT! 4 Tabular Analysis Transactions made by Virmari & Co., a public accounting firm, for the month of August are shown below. Prepare a

DO IT! 4 Tabular Analysis Transactions made by Virmari & Co., a public accounting firm, for the month of August are shown below. Prepare a tabular analysis which shows the effects of these transactions on the expanded accounting equation, similar to that shown in Illustration 1-8. 1. The owner invested $25,000 cash in the business. 2. The company purchased $7,000 of office equipment on credit. 3. The company received $8,000 cash in exchange for services performed 4. The company paid $850 for this month's rent. 5. The owner withdrew $1,000 cash for personal use. LO4 1-22

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