Record the following transactions into the basic accounting equation: Submit Test + 1. 2. Cash Salon Equipment Accounts Payable + B. Rey, Capital Bernie Rey invests $20,000 to open a hair salon company. The hair salon company buys new salon equipment for $10,000, paying $4,000 down and charging the balance. Calculate the ending balances Transaction lines are identified by the corresponding transaction number (1. and 2.) Enter each transaction in the appropriate columns of the expanded accounting equation, then calculate the ending balances for each account. (If a box is not used in the transaction or balance [Bal.] line leave the box empty, do not enter a zero. Enter a decrease in an account category with a minus sign or parentheses.) Assets Liabilities + Owner's Equity Salon Accounts B. Rey Capital Cash + Equipment = Payable + 1. 2. + + Bal Next 22C o