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Mr. Abdullah decides to start an IT Consultation company which names Horizon. On July 1, 2022, he investst $50,000 cash in the business. Transaction 2. Horizon purchases 10HP laptopst each one cost 650$ for $6500 cash-. Horizon purchases for $4,000 Office Essentialst expected to last severalmonths. The supplier allows Horizon to pay this bill in August. A/P+ Horizon receives $3500 cash+ for sof tware implementation for a client it has performed. Horizon receives a bill for $350 from the Doily News for advertising on its online website but postpones payment until a later date. A/p * Horizon performs $6000 of Initial plans for the computer software for customers. The company receives casht of $3000 from customers, and it bills the balance of $3000 on account A/R. Horizon pays the following expenses in cash- for July: office rent $500, solaries and wages of employees (5500$)$2500, and utilities $200. Horizon pays its $350 Daily News bill in cash- The compary previously (in Transoction 5) recorded the bill as an increase in Accounts Payable- and a decrease in owner's equity. Horizon $2000 in cash, from customers who had been billed for services (in Transaction 6 ) A/RMr. Abdulah withdraws $6,000 in cash-from the business for his personal use. Equity