Problem 3-8 Determining the Effects of Transactions on the Accounting Equation (textbook p. 73) Trans. Balance 2 Balance 3 Balance Balance 5 Balance 6 Balance 7 Balance Analyze: Cash in Bank

+ $10,000 Assets Office Grooming Accounts Receivable Equipment Equipment Liabilities Accounts Payable Owner's Equity Abe Schultz, Capital + $10,000