Rewrite the balance sheet given below to reflect decisions labeled a, b, c.
assets
liabilities and owner's equity
cash $15,000 accounts payable
$4,750
equipment $6,000 owner's equity investment $ 16,250
total
$ 21,000 total
$ 21,000
a. from cash, purchase equipment for $1,000
b. pay $3,000 from cash for accounts payable
c. take $750 cash for salary
assets
liabilities and owner's equity
e
a
cash
a
accounts payable
equipment $
20
owner's equity investment $
total
$ 17,250
total
$ 17,250