Selected Transactions for Sarah's Kitchen Are Shown Below

Essay

Selected transactions for Sarah's Kitchen are shown below. State the effect in dollars on the accounting equation of each transaction.
a)Sarah Cook invests $20,000 cash into a business known as Sarah's Kitchen.
b)Sarah purchases kitchen supplies on account for $500.
c)Sarah purchases a new oven for $6,500 cash.
d)Sarah receives and pays the kitchen's utilities bill amounting to $425.
e)Kitchen revenue for the current period amounts to $2,500. (All revenue transactions involved cash.) $\begin{array} { | l | l | l | l | } \hline \text { Item } & \text { Assets } & \text { Liabilities } & \begin{array} { l } \text { Owner's } \\\text { Equity }\end{array} \\\hline \text { a) } & & & \\\hline \text { b) } & & & \\\hline \text { c) } & & & \\\hline \text { d) } & & & \\\hline \text { e) } & & & \\\hline \text { Totals } & & & \\\hline\end{array}$