THE ACCOUNTING EQUATION

DATE                         TRANSACTION
SEP 17th                     owner contributions $1000000in cash to capitalize business
SEP 18th                     purchased $150000 in furniture and ensere an account, payable in 30 days
SEP 20th                     paid first month's shop rent of $450000
SEP 22nd                     elaboration of brownies for $40000, collected $20000 cash; billed                                                         customer for the $20000 balance
SEP  25th                    $50000 in elaboration of brownies were used
SEP  27th                    collected $25000 from customer  accounts
SEP 30th                      paid $100000 to suppliers for parts purchased earlier in the month