january 1 purchased equipment for $43,000 cash. Estimated useful life is six years and salvage value is $10,320 January 2 paid $8,600 cash to install automated controls on equipment. this betterment did not impact useful life or salvage value august 15 paid $340 cash for minor repair costs to equipment

The effects of the transactions on the accounting equation are as follows:Accounting Equation:                 Assets                            =   Liabilities      + Equity                 Cash         Equipment Jan. 1    -$43,000        $43,000Jan. 2       -8,600            8,600Aug. 15        -340                                                          -$340 Repair ExpenseWhat is the accounting equation?The accounting equation shows that assets are always equal to liabilities and equity, given each transaction.Using the accounting equation, transactions cause either one side of the equation to increase or decrease by the same amount or the two sides to change similarly.Transaction Analysis:Jan. 1 Equipment $43,000 Cash $43,000Jan. 2 Equipment $8,600 Cash $8,600Aug. 15 Repairs $340 Cash $340Learn more about the accounting equation at https://brainly.com/question/24401217#SPJ1Question Completion:Show the effects of the transactions on the accounting equation.