(Solved): Kara Morris founded her dream business, called Kara's Kiteboarding Adventures. The following transa ...

Kara Morris founded her dream business, called Kara's Kiteboarding Adventures. The following transactions occurred during June 2020 , her first month of operations. a. Kara invested $$\$15,000$$ cash into the business on June 1 . b. Kara's Kiteboarding paid $$\$400$$ to cover insurance for the month of June. c. June 3, Kara's Kiteboarding purchased $$\$12,000$$ worth of kiteboarding equipment on credit. d. June 6, the business rented additional kiteboarding equipment for $$\$1,500$$ on account. c. June 9. the business provided lessons to a group of clients for $$\$3,500$$ on account. f. June 14 , the business collected $$\$2,000$$ from its credit customers. g. The kiteboarding equipment purchased June 3 , on credit was paid for June 28. Required 1. Open the following T-accounts: Cash; Accounts Receivable; Rquipment; Accounts Payable Morris, Capital; Teaching Revenue; Insurance Bxpense; Equipment Rental Bxpense. 2. Post the June entries directly into the T-accounts. Analysis Component: Using your answer in Part 2, prove that the accounting equation balances at the end of June.