Jack Sparrow started his own legal agency, Sparrow Limited, on March 1, 2023. The following transactions...

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Jack Sparrow started his own legal agency, Sparrow Limited, on March 1, 2023. The following transactions occurred during the month of March: Jack invested $8,000 cash and equipment worth of $11,000 in the business. Paid $2,100 for the month's office rent. Purchased $550 of supplies for cash. Ceetee News billed Sparrow Limited $340 for the advertisement service provided. Received $2,900 cash for services performed. Jack withdrew $570 cash for personal use. Performed $6,300 of services on credit. Mar 1 Mar 2 Mar 3 Mar 5 Mar 9 Mar 12 Mar 15 Mar 17 Mar 20 Mar 23 Paid $1,900 as employee salaries. Mar 26 Mar 29 Mar 30 Paid $268 for utilities. Paid half the amount due (on March 5) to Ceetee News. Received $4,500 for services performed on account on March 15. Borrowed $4,000 for the business from MBB Bank. Purchased equipment worth $3,800 on credit. Questions Prepare a tabular analysis of the transactions listed above, including the balances at the end, to indicate the effect of each transaction on the accounting equation. Jack Sparrow started his own legal agency, Sparrow Limited, on March 1, 2023. The following transactions occurred during the month of March: Jack invested $8,000 cash and equipment worth of $11,000 in the business. Paid $2,100 for the month's office rent. Purchased $550 of supplies for cash. Ceetee News billed Sparrow Limited $340 for the advertisement service provided. Received $2,900 cash for services performed. Jack withdrew $570 cash for personal use. Performed $6,300 of services on credit. Mar 1 Mar 2 Mar 3 Mar 5 Mar 9 Mar 12 Mar 15 Mar 17 Mar 20 Mar 23 Paid $1,900 as employee salaries. Mar 26 Mar 29 Mar 30 Paid $268 for utilities. Paid half the amount due (on March 5) to Ceetee News. Received $4,500 for services performed on account on March 15. Borrowed $4,000 for the business from MBB Bank. Purchased equipment worth $3,800 on credit. Questions Prepare a tabular analysis of the transactions listed above, including the balances at the end, to indicate the effect of each transaction on the accounting equation.