please explain all steps.

The accounting equation (5 min) + + + Recording transactions in the accounting equation (5 min) questions are available in My Accountinglab. Working papers for select questions are available in the print Workbook.) EIIA Complete the following table: Assets Liabilities Owner's Equity a. $19,000 ? + $4,000 b. ? $6,000 $9,000 c. $10,000 $4,000 ? E1-26 Record the following transactions in the basic accounting equation: Assets = Liabilities + Owner's Equity Treat each transaction separately. a. Matty invests $130,000 in his company. b. The company buys equipment for cash, $1,100. c. The company buys equipment on account, $950. E1-3A Many accounting professionals work in one of the following areas: a. Financial accounting b. Managerial accounting c. Taxation accounting d. Other accounting related activities For each of the following responsibilities, identify the area of accounting that most likely involves that responsibility. 1. Cost accounting 2. Budgeting 3. Internal auditing Accounting Definitions (10 min) 4. Preparing financial statements 5. Accounting consultants 6. Investigating violations of tax laws 7. Insurance appraisers 8. Review cost data per unit produced 9. Prepare tax returns 10. Review financial statements for loan requirements ACCOUNTING CONCEPTS AND PROCEDURES 37