Maisie consulting Maisie Taft started her own LoNsulting firm. Maisie Consulting, on May 1, 2022. The following transactions occuired duriig the monthof May.May 1Maisie invested $7.000 cash in the business.2Paid $900 fur affice rent for the month.3.Purchased 5800 of supplies on account.Paid $125 to advertise in the County NewsReccived $4.000 cash for services performed.12Withdrew $1.000 cash for per sonaluse.15Performed S6.400 of services on account.17Paid $2.500 for employee salaries.20Made a partial payment of $600 for Lhe supplies purchased on account un May 3.23ReL cived acash payment of $1.000 for services performed onaccount or May 15.26Borrowed 55,000 from the bank on a note payable.29Purchased equipment for $4,200 on account.30Paid $275 for iatilities.(a)Show ilie effects of the previous transactions ornthe a.countingejuationi (Ifa transaction results in a decrease in Assets, Liabilities orOwners Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity item thatwas reduced. See Illustration 1-8 for example.) Maisie Taft started her own LoNsulting firm. Maisie Consulting, on May 1, 2022. The following transactions occuired duriig the monthof May.May 1Maisie invested $7.000 cash in the business.2Paid $900 fur affice rent for the month.3.Purchased 5800 of supplies on account.Paid $125 to advertise in the County NewsReccived $4.000 cash for services performed.12Withdrew $1.000 cash for per sonaluse.15Performed S6.400 of services on account.17Paid $2.500 for employee salaries.20Made a partial payment of $600 for Lhe supplies purchased on account un May 3.23ReL cived acash payment of $1.000 for services performed onaccount or May 15.26Borrowed 55,000 from the bank on a note payable.29Purchased equipment for $4,200 on account.30Paid $275 for iatilities.(a)Show ilie effects of the previous transactions ornthe a.countingejuationi (Ifa transaction results in a decrease in Assets, Liabilities orOwners Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity item thatwas reduced. See Illustration 1-8 for example.)

The transactions effect two or more accounts of the business. The accounting equation states that…

Maisie Taft started her wn LoNsulting firm, Maisie Consulting, on May 1, 2022. The following transactions occured duriing the month of May. May 1 Maisie irivested $7.000 cash in the business. 2 Paid $900 fur office rent for the month. 3 Purchased $800 of supplies on acCDunt. Paid $125 to advertise in the Cnanty News. Reccived $4.000 cash for serviCes performed. 12 Withdrew $1.000 cash for per sonal use. 15 Performed S6,400 of serviICS On account. 17 Paid $2.500 for employee salaries. 20 Made a partial paymernt of $600 for the supplies purchased on account un May 3. 23 Rei cived acash payment of $1.000 for Services performed on account or May 15. 26 Borrowed 35,000 from the bank on a note payable. 29 Purchased equipmeni for $4,200 ori accournt. 30 Paid $275 for utilities.