J Scott Established His Own Business, Called Live Long Medicos

J. Scott established his own business, called Live Long Medicos. Using the fundamental accounting equation, record the transactions provided below:

$$\begin{array} { | c | c | c | c | c | c | } \hline \text { Assets } & = & \text { Liabilities } & + & \text { Owners Equity } & \text { Accounts Used } \\\hline\end{array}$$
a) Owner deposited $15,000 in a bank account in the name of the business.
b) Company bought equipment worth $3,250, paying cash.
c) J. Scott invested personal equipment with fair market value of $5,400 in the business.
d) Company bought supplies worth $1,250 on account from a creditor.
e) Company paid $750 to the creditor from transaction
d.
f) Owner paid $1,000 for personal expenses.
Instructions:

1.Record the transactions in columnar form, write plus and minus signs, and show the balance after each transaction to be sure that the equation remains in balance. List the account titles needed to record each transaction.
2.Write the proof of totals at the bottom to show that one side of the equation equals the other side.