Do it yourself 1 Record the following transactions into the basic accounting equation: Cash + Salon Equipment=Accounts Payable+ B. Rey,Capital 1. Bernie Rey invests $20,000 to open a hair salon company. 2. The hair salon company buys new salon equipment for $10,000, paying $4,000 cash and putting the balance on account. Calculate the ending balances. Do it Yourself 2 Record the following transactions in the basic accounting equation: 1. Gracie Ryan invests $17,000 to begin a real estate office. 2. The real estate office buys $600 worth of computer equipment for cash. 3. The real estate office buys $500 worth of additional computer equipment on account. Do it Yourself 3 Use the expanded accounting equation to solve for the missing amount. Assets $30,000; Liabilities ?; Owner's Capital, Beginning Balance $15,000; Revenues $10,000; Expenses $3,000; Withdrawals $1,000 Do it yourself 4 Record the following transactions in the expanded accounting equation. A. B. Bell invested $60,000 in Bell's Computer Company. B. Bought computer equipment on account, $7,000. C. Paid personal telephone bill from company bank account, $200. D. Received cash for services rendered, $14,000. E. Billed customers for services rendered for the month, $30,000. F. Paid current rent expense, $4,000. G. Paid