(Solved): The following transactions occur for the Panther Detective Agency during the month of July: 1. Purc ...

The following transactions occur for the Panther Detective Agency during the month of July: 1. Purchase a truck and sign a note payable, $\$14,600$. 2. Purchase office supplies for cash, $\$560$. 3. Pay $\$760$ in rent for the current month. Analyze each transaction and show the effects of each on the accounting equation. Note: Decreases to account classifications should be indicated by a minus sign.