Using the Accounting Equation Assets = Liabilities + Equity, analyze each transaction and show its effects as increases or decreases in the appropriate column. Determine the total balance for both the Assets side and the Liabilities + Equity side showing that both sides are equal.

a. Cash invested by owner Jimmy Singh

b. Billed customer for services performed on account

c. Purchased office furniture on account

d. Collected money from a credit customer

e. Owner withdrew money for personal use

f. Signed a 1-year contract to supply a customer goods

g. Company borrowed money from Royal Bank of Canada

$ 10,000 $ 3,000 $ 5,000 $ 2,500 $ 4,000 $ 25,000 $ 15