Show what effect the following transactions will have on the accounting equation.Make a capital contribution of 200,000 in cash and law books having a 4000 value.3. Rent the furnished office of a lawyer who was retiring,paying 9000 cash for one month’s rent.4.purchased stationery for cash 2505. Bought the law library of the retiring lawyer for 20,000,paying 5000 cash and agreeing to pay the rest within one year.6. Completed legal work for a client and recieved 500 cash.7. Purchased office furniture on credit 400.8. Completed legal work for a client on credit 6000.9. Paid the salary of a bookkeeper 3000.10. Paid the office funiture bought on credit.11. Recieved 1000 for legal work completed on the 8th.12. Paid the telephone bill 250.13. Paid the office secretary’s salary 4000.14. Paid the water and electricity account 200.
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